not looking flash here, page-30

Hi Guys and Gals,

Personally I am not surprised that RIO is to pull out but not because of the potential of the project but because RIO is a bureacracy in not spend mode. Secondly, Tom liked Vulcan a lot and Tom is gone. New management rarely likes old management pet projects.

To me it is still one of the best greenfilds copper uranium plays on the planet and are surprised tht RIO did not renegotiate with a small interim deal to let TAS drill another 10 or so holes and sees what turns up.

Vulcan is an asolutely huge IOCGU system and by far the best target in the OD region. Elephants are rare and very hard to find. IMO if RIO oesn't want to be in this hunt they should get out of the elephant hunting business. Particularly as nearly all their mney is going into the ground and they end up with the project at the end of the day due to dilution. They should pull of the region completely.

I remain a true believer.

All the best

Tasidevil