Again on caesium, our first stage pollucite/caesium endeavor for...

Again on caesium, our first stage pollucite/caesium endeavor for our Sinclair zone extraction agreed payment from Cabot this year for US$16m equates to A$22.5m less interest free loan of A$7m is basically A$15.5m approximately with some small adjustment costs to come out but more importantly capital development losses carried forward on their other valuable projects bring them near success already before fine-tuning. These losses would make these funds predominantly tax free for the Sinclair project.

We have 2 shipping consignments on the way to Cabot already and our first pre financial year payment will be US$8m shortly less our US$4.8m interest free Cabot loan which leaves a net of US$3.2m which equates to A$4.5m added to our other cash balance at that time and we will then be debt free. Our second tranche payment afterwards before end of year will $11.25m. This although will slightly variable as the AUD/USD flip and flop around you can be sure the AUD ain’t going to the moon any time soon which works in our favour on current currency conversion predictions. As we are told the other potentially saleable minerals from the Sinclair Mine are potassium feldspar, quartz and lithium minerals (petalite and lepidolite) have been stockpiled separately during mining so some hope for more incoming capital improvement along these lines. I think a A$15m addition shouldn't be out of the question in my opinion, if not more. The figures I've quoted adjust daily and merely a guide of sorts

Anyway I have to agree with the expert suppositions put forward here and we haven't been wrong to date and that is although there was a great deal of luck in the highly lucrative pollucite/caesium pod after DC, Board, geologists and mining management to their credit, successfully extracted in excess of what was anticipated, it has brought to mind that the land around the Kalgoorlie area perimeter, specifically the Pioneer Dome may have also been a beneficiary of the Earth's crust shifts those billions of years ago also I would think.

Everyone jumps up and down about about market sensitive information and that’s because they don't own a mine of highly priced sensitive product that needs management to not throw their produce to the wind but to control its pricing because of it's scarcity and needed value. I would say that that managements of all the surrounding companies would know a lot more on a speculative nature on the possible or maybe probable locations of this valuable material at the Pioneer Dome but it doesn't pay to say too much until the drill kisses the silvery metal. Speculative for us mere mortals to say this? Of course it is a little, but that's the end of the market we're in. We've been right so far and if we actually hit more big time, I'm not going to tell you what that means – something to tell the grand-kids later on maybe.

This is not investment advice but something to research very closely I think.

We have tough times in the market over the next 6-12 months and it is invaluable for a new junior to have guaranteed cash-flow coming in s we develop and search our fruitful dome and elsewhere for more success. It might take the worry out of it and make some confident to get a holding pretty soon before its too late but that's their choice. I'm in and I'm happy with it.

GLAH