Ann: $5 Million Institutional Placement, page-20

that will be 6-12 months away if they are going to improve on what is already known from the srk report. in the interim perhaps they will locate the drilling data srk used in their analysis and validate it for a jorc 21012 update? that would be the quickest and most economical resource update possible. hell, just give srk a call they will have all of the data in an archive and they could do the work in a month or so pending workload.

the wild speculator in me has another idea. what if there has already been an approach from a major? that could explain the hurried placement to get everyone 'set' before the big news of a 30% jv with rio or fmg etc? now that tenure is secured a jv could be an attractive proposition........