http://www.asx.com.au/asxpdf/20090924/pdf/31kx8pblqk16f3.pdfIt...

http://www.asx.com.au/asxpdf/20090924/pdf/31kx8pblqk16f3.pdf

It looks like ELM paid $180K cash plus Performance shares for the Congo project. ELM's current value does not need to be stated here as you all know the capital growth it has experienced.

TRH reimbursed $30K cash plus performance shares to vendors for the Utah Project. The TRH deal appears cheap but it was done during the GFC and ELM's cash component was only $150k greater.

TRH's MC has just cracked $20 million and it could be backed by a substantial holding in a Mini Cashmere Iron like company known as RAD.

LCY and HAW attracted some market interest last week and RAD's positive momentum has currently dried up. RAD's exploration target compares favorably to Cashmere Iron's JORC. RAD's exploration target will only get bigger with their current acquisition of SXG's Iron Ore rights.

I have included a few snippets from RAD's 16th March exploration update:

"Assaying has been completed with Davis Tube Recovery (DTR) results expected later in March."

"On this basis, a major drill programme (approximately 10,000m) is scheduled to commence in April to further test hematite and magnetite targets and commence the resource definition process."

10,000M is a large drilling programme and it should finally indicate whether economic Iron Ore deposits exist in the region.