Ann: Drilling Commencement at Lindeman's Bore, page-8

re: Ann: Drilling Commencement at Lindeman... Hi guys,

More comments after speaking to AM.


Barnes Hill is economic even if the nickel price dropped a lot further. VSA Capital in London noted in late 2008 in a research report which they wrote that Barnes Hill was still robust at GFC levels.

PRW are looking to diversify into copper, as announced on Tuesday, and like all small exploration companies, they are looking for “the big discovery” that changes the face of the Company. However, they now have some substantial global partners to finance Barnes Hill, and they expect this to move forward with little interruption.

Proto is likely to perform well as it has management who invest in the Company personally and who can sign sizeable contractual arrangements with some of the mining industries largest players.

While it is a difficult market, Proto continues to deliver concrete milestones such as the mining license for Barnes Hill, debt finance for Barnes Hill, substantive progress on the new processing technology and new tenement acquisitions and applications for the development of a copper division as part of the overall business.

Im comfortable that PRW fortunes will turn around soon enough.

Cheers