Ann: Exploration Update - Cloncurry Project , page-3

yep, sliced bread - only a matter of time now before we get noticed.

We still have an upgraded reource for Kangaroo Rat to come in the next few weeks - I am expecting a modest increase in resources with a move of a portion from inferred to indicated. Kangaroo Rat has similar grades to Great Australia, is open-pittable and near CopperChem facilities. If the resource comes out around 20k, then I reckon it will be worth something like 10m based on a comparison with the value of Great Australia.

Mt Colin will go for 15 to 20m in an outright sale to the Xmen I believe. This will happen at the end of Q1 or maybe Q2.

We will also receive our first royalty this month from Great Australia.

Then there is Uncle Tom's and Hazel Creek results to come. ANyone know what the story is with Wallace South?

Everything released today are prospects in addition to the above. All upside.