hi archviewI expect their main aim re Keysbrook will be to prove...

hi archview

I expect their main aim re Keysbrook will be to prove that there is another 3 years of resources outside the BFS outlined area...which they have alluded to. That will significantly smooth progress with financing not to mention massively increase project economics.

The titanium deal recently announced however was a crucial step...and hopefulyl finalisation of the zircon sale will be the final step to ensuring they can go ahead with financing based on solely BFS Results.

Cash is a little bit of a concern...would expect they would need to do a raising soon.

Another risk of the stock is that they have missed a few targets...for example Harts was to have been in prod at end of this year. They were overly optimisitic it would appear.

But the addition of Peter Gazzard to the board has definitely breathed new life...seems to be getting things moving.

Definitely not without its risks, but risks im willing to take.

Given directors have quite a few optins, im sure they are keen to see them well in the money before expiry. Problem is min sands and god forbid, abrasives are not exactly sexy things at the moment.

I will be a buyer of shares if the price drops...at moment though decet exposure thru options.

Cdchi1