Ann: Activities and Cash Flow Report ended 30 Sep, page-2

re: Ann: Activities and Cash Flow Report ende... Forgive me for clutching at straws here, but they really seem to think that we can make something out of the tin assets. I haven't thought much of Euriowie etc. since we found out that the grades in the geological dykes were no higher than 0.3%, BUT, CAP seem to be persisting with testing of these areas, which goes against their motto of "if its worthless, then there is no use putting money towards it". Perhaps there is some real worth in them? With tin currently trading at around $10/lb, or $22,000/t, you don't need much of it to make for some handy revenue. Watch this space in my opinion. If they didn't think they could take these assets to production, then they would've given up on them a long time ago.

Hawsons seems to be moving along at a steady pace leading up to that key date in May next year. And then there is the Koonenberry drilling set to commence next month. If they could follow up on the past intersection with some more nickel hits, then there could be a bit of potential there also.

Interesting times ahead. Right now, we're cash and investment backed at around 12c/share, which gives us an enterprise value of $8M. It's hard to believe that our EV was 10x that 10 months ago!!