Unfortunately I am unable to assist with putting a price on the...

Unfortunately I am unable to assist with putting a price on the kaolin project but I do know that unlike the Skardon Project in Cape York it is easily accessible by road and that port facilities are also nearby. Both pluses when it comes to a sale.

In the Minotaur ASX release 17/01/2012 it was noted that the 2012 strategy was to build up its cash reserves to focus on the Cloncurry and Gawler Craton projects.

With this in mind I expect not only the Kaolin project to be up for sale but also the Muntooroo magnetite project. As Minotaur are good at keeping their cards close to their chest I wouldn't be surprised to see some other assets up for sale in the near future to continue funding of Clonurry and Gawler as these seem to be identified by Minotaur as the next big thing.

I missed out on Prminent Hill and don't want to miss the next biggie. Remember that Minotaur are an exploration Co so it is in their DNA to explore, find, prove resource, sell and start again on the next project.

kippax