a.g.m.meeting

Just finished listening to the A.G.M no surprises came out of it

My take on the future of MOL is Hanlong are a very go ahead Company with vision. They have a very large undeveloped Copper & Molly resource in China that they want to develope. Fischer was in North America with them last week looking for more Molly prospects to buy into. I think its fair to say that they have a ambition to be a large mining house. The expertise that we have in Australia with mining is obviously one of reasons they wish to keep Head Office here.

MOL will be a very busy place next year, lots to look forward to. Should see a significant rise in the S/P when the following Anns: come out.

All approvals and signed by mid to late Jan

Finance approval in the second quarter

Iron Ore mining under way ( Port Headland facility won;t be finished till late next year} So no rush to start.

Should see a positive move with Molly prices.

Copper price will also move up

Then there is the unknown these Chinese move very quick, so anything could happen.

With regard to the SSP it will be overscribed by how much is difficult to say. Must say that I am surprised that the S/P is not a lot higher. In the past this S/P has gone up on the smell of anything positive. Why its so low has got be beat.