MPJO & $14 Million Reasons, page-3

Hi EM,

Yes, sorry, GMM & GXY have (just) started production at Mt. Cattlin. I meant to say that PLS, AJM & DKO (& others) were still explorers at Pilgangoora. I would still maintain that MPJ Management have an enormous incentive - to the extent of $14 Million - for the drill bit to prove up Lithium at Pilgangoora before 30/6/16 and get MPJO convincingly in-the-money by that time. Even if they don't complete an exhaustive drilling campaign by that time, they only need ONE Lithium strike to completely transform MPJ s/p & MC - enough for a game-changer. If they subsequently strike Lithium several times beyond an initial strike, MPJ will then 'snow-ball'! I also agree that it's likely MPJO will be in-the-money prior to a genuine Lithium strike in any case due to anticipation building & factoring in to MPJ s/p. Bring it on!