the bdo report, page-3

I took up the share offer because I have a feeling the company is due to make a few deal-sealing announcements fairly soon which should bolster some more reinforcement of the share price (once the SPP closes approval etc).

Another thing you have to remeber is that when they do start pumping the molybdenum they are anticipating around 10 million tonnes per annum which obviously already has a buyer!! Given the $26US dollars a kilo for this in China we are looking at 10,000,000,000 Kilos x $26US = $28,650,136,837 AUS a year. (Really really rough calculations of course but just working on the fly here).

As for the vehicle idea, I disagree, they will already have control! Why waste time and money making this just a pawn in their game? For the bargain price of $200M they have the main event right here signed sealed and delivered to the chairmans door!

Spinifex Ridge is going to be Australia's first major molybdenum mine. As soon as we get the approval from the Chinese side which is pretty much gauranteed IMO (Having control of Australia's first (and therefore only) major molybdenum mine).

We are going to see a very diffrent colour on the ASX for MOL.

Just be patient!!! The SP may get a bit lower but that is probably because some big players are waiting to steal it all for a bargain (perhaps those who missed out on the SPP)

Regardless of the probably manipulated share price right now the truth of the matter is once Spinifex gets a green light so to with the SP.

Once again,

Good Luck and strap yourselves in and remember your exit prices.

MadeInChina