True Newland,However, if commercial quantities are discovered...

True Newland,

However, if commercial quantities are discovered you should see the SP reflect just that while ROG still hold the 20%.

As a butt pluck, say it shot to 2c (staying conservative). You've just tripled the MC to at least 20Mil prior to any exercise of the ERM option.

Hey, don't worry, I'm struggling to see how this deal has provided any "shareholder value" and am somewhat baffled and confused. The CMB is/was their best asset and they "appear" to be giving it away for a piddly sum.

Agree with you in toto re SH's should be given a clear picture in order to ascertain progress (or not). Still thinking there's more to it though. Playing cards close to their chest due to MEL, for example. Remembering that ERM are involved with both now.

I'm staying put to see what the painting looks like when it's finished. Not expecting a Mona Lisa though.......

Took the risk in the beginning and willing to stand by my gut instincts.

Have a good one,

Gaspew ;)