Ann: 30% CU Intersected in Narrow Sediment Horizon at Wodger, page-45

It's taken quite a bit of grey matter use to get on top on this report. It's complex! However, I think that I have the picture now.

DD1 and DD2 have shown that if there any massive sulphides at all, then they are not near where those 2 holes went. That's not to say that they have been wasted; in fact they have not been a waste at all I dare to say. Valuable information has come from them already, and I expect that what the assays are going to show will only confirm what they already know or strongly suspect.

The next stage will be hitting the southern section where the EM Plate is, but not until at least DD1 assays have come out and all things relevant have been thoroughly examined. There will be clues there I'm sure.

The model hopefully tells the true story.

And yes, what's doing with the 'competing transactions' thing? There's not much happening at HOR, nothing really. There is some activity with SFR though, and from what Davmarc has recently posted on TLM, it seems that the JV will be enduring. It appears that Kerry Harmanis, a very, very wealthy WA man and the strength behind TLM wants to go all the way with the exploration and mining of Monty. I think that SFR expected to but out TLM's 30% quite easily, but KH wanted none of that. Interesting situation there now. Will the JV expand?