Ann: Half Year Accounts, page-3

Compelling reason is a resource size and grade not dissimilar to NTUs and probably easier metallurgy PLUS it's sitting on the surface contained in the clays where u can SEE it in shallow trenching indicating a uniform deposit and hence they are happy enough to leave it as "exploration target" cos a few cheap infills later and JORC will be quick.

I am amazed the sino NTU aint already smart enough to be looking our way, and remain concerned we need a JV partner for defence asap .... yeah agree the Japs are the obvious.

Reckon there is open stealth buys at the lows waiting to see some more cheap offerings which have dried up. Remember recent placement at 4c .... they will want it up there first quickly before seeking more funds IMO, and hopefully privately.

The truck remains backed up and seeking more sacrificial lambs before backing up further to next level. 3 mill M/C cld just as well be x 10 and still cheap with the right combo / easy JORC / JV partner to take slice to fund FS.

Meanwhile the boyz aint wasting time with prime component of FS under their own steam ....... metallurgy. Means we can later deal from stronger possie for final FS which wont take long once the process flow chart is done ....... happening.

If u want in u need to start thinking seriously for at least part in now cos wont take much for u to need to pay up a multiple or two for size.

Has a really nice feel to it ta.

IMBOOC