St Barbara - maybe not interested in buying Peel, page-4

Hi FDSSome interesting calculations you pose, salient, we are roughly 25% through the current major drill program, with Southern Nights central, and some regional exploratory holes, to compliment understanding of the pink circle and proximal surrounds. As you suggest a $300 million market cap is equal $1.50 per share now. This not including all of likely results Wirlong, Mallee Bull, Fenceline, Boolabone, Anomoly G, American Girl in various prove up stages. If Mallee Bull mineralization goes deeper as logically anticipated our market cap must head well north.There’s undoubtedly large amounts of cash awaiting suitable investment, and whether off or onshore investors I suggest Peel is edging closer to shorter buyout odds, as results flow through. When I say buy out I mean given in principle a fair call by management and major shareholders to actually sell. As I’ve mentioned and of late there’s very few companies presenting results including gold with broad down hole width and grades, anywhere near as good as we’ve already widely demonstrated. News soon may revolve around;Wirlong JV the continued high grade Cu drillingResults in part of Southern Nights big drill campaign How to eventually proceed with Mallee BullRegional holes results I hope for some good hitsThe potential possibilities synergies with Sun Metals.If Aurelia St Barb CSA/Toho & others seek any game changing % control before this really breaks out. I’d like it explained better the potential gross value of resources lurking between Southern Nights and Wagga Tank... the company has alluded they believe the link between both high grade discoveries is similar geology “all along” the Vivigani fault. This is all very exciting, over such an extensive strike. The near conductor hole/s as missed twice, proving this link was originally a rich Cu AU hit, needs another go. Rob said at the time they decided to save money not returning with guided drilling technology but I’d try and also drill either side for better infill appreciation. What may happen with St Barbara, as they remain very cashed up, despite recent capex announcement they are still producing plenty of that golden money!. The buying this week was more regular solidly repeated around 45c so I’ll be pleased to hear as drilling uncovers interesting surprises. IMO Peel should be $1.00 at the very least by now.I reckon bidders are simply awaiting a timely move by the major minted players. Sarg