Best Speculative Play on ASX ... revisited, page-5

Good morning all shareholders.

I believe if a takeover was to occur before any r/c diamond tip drilling of any potential conductors it would have to be north of 10 cents to entice the f0x & our major shareholder Creasy.

The rumour is out, that Creasy group has found the next Nova on his private tenement. The next couple of months we will know if IGO will buy this tenement off Creasy. Satellite images are showing that are resource drill out is being undertaken.

Otherwise its business as usual and we continue to hunt for the needle in the hay stack as the LEG team will want to go the distance. LEG as the fox has stated in his presentations is the only ASX listed company apart from IGO that controls the best real estate in the Fraser range.

We have enough cash for 18 months plus potential to get $3m for Jindal. Also Creasy can write a cheque for $6m to exercise 150m 4c options that are in the market. I don't think Creasy will want to be diluted from a capital raising to external investors.

GAL has IGO and Creasy private listed in there 20 twenty, but there Fraser Range tenements I believe are not as prospective as ours.

If we find the next Super Nova with dilution & capital raisings similar to the Sirius story I believe 40c to 50c will be a take over price to take over an economic ore body tenement plus all are real estate tenement holdings in the Fraser Range.

All the above is my opinion, please do your own research.

GLTAH