great expectations, page-14

Looking again at the gold results at Lindsays South they are actually not at all bad. Good grades between 40-60m and the holes into the bedrock end in mineralisation. Look forward to the RC drilling and think that with Trouser Legs and Coffey Bore this will be their third commercially-viable gold project. A decent long-stop backing the current sp.

Remain amazed -as at the time- that JMS never got hold of Mt.Bevan when they knew the ground and had the field to themselves. Overwhelmingly the special purchaser with Mts.Mason and Ida. Just can`t understand it -think that their plan was much the same as LCY`s- wait for HAW to run out of money/patience or both.

A great strategy? - don`t think so. JMS lost the huge prize of the magnetite and the rest of Mt.Mason will be more expensive than if they`d dealt earlier. NMDC don`t want to be too sure either that 40% with an equal say in development is not saleable to someone other than themselves.