let the buyer beware but......., page-5

What a turn up!!

The announcement relates to tbe Phillipines project. This could be one of two things. A gold project which I think pel still has an interest in or what seems more likely, that lateritic nickel project. If it's the latter than we could see some serious price increase. Again, I'm not sure what has happened to the offtake agreement that pel had negotiated with BHP which included processing in QLD. Probably that's expired.

A lot of imponderables here but at least we may see some of our investment back on this one if the recent trend of the last couple of days is to continue.