Following is my summary of my broker's summary of the PTS/EFE...

Following is my summary of my broker's summary of the PTS/EFE joint presentation in NSW for those interested.

Cdchi1

- 40-50 people attended
- PTS seem to be very excited about Mundi lains, Zincsearch and Newcrest JVs
- Eastern iron had a big focus on the infrastructure advantages in NSW for a new player versus the Pilbara
- potential is large but potential is not reality...ie its still an exploration play, albeit one with a quality asset as opposed to a 'director retirement' fund (thats my view of that anyway)
- PTS now the most extensive NSW based explorer
- why wasn't this done before? Well in everything there's always a leader, and then there's followers...EFE just happens to be the leader, and if it works, you can bet there's gonna be a lot of followers
- something about high grade fairy floss, no idea, but typically it was a statement made by my joking but often cryptic, broker