we have done our dough folks, page-41

SRK does not have a world class resource! YET

Until it is confirmed with drill results.

SRK is a small coy with no revenue & currently no resource of size.

However once the resources are confirmed. SRK will move into the attraction of other companies. Not before IMO.

Xtrata possibly made an early play but management said no.

The russians also wanted in. There timing was good. They thought just before the resources of sugnificant size would come in a few months. However they were blinded by the ore & over paid like many others, the market turned on them but they will get first pick when it returns.

IMO SRK will continue to be nothing until it PROVES up its resources. Saying you have it (im not saying they don't) vs actually having it becomes a major issue when the market has dried up.

Revenue producing IO coy's are being smashed. Doubts over funding & demand have put immense pressure on IO. That and plenty have lost a lot of $$$.

We know bugger all about these start up projects becuase they are just crap to keep investors interested. When they look at the time line they can go nothing till 2012 or look some coal in 2009. (By the way can any one give us some details of this project - Is it any good?.

The only thing SRK has in fav at the moment is small issued capital. Any uptrend could be just a savage as the down. Lets hope.

Why management keep telling people stuff over the phone & giving time lines is just ridiculus. Those people including myself then post those time lines. People get their hopes up, then nothing. Makes management look very bad.

They don't even bother updating just to say or its the WA plants fault.

Will be interesting to see if anyone cares about the update if it ever comes. I don't think they will.