upcoming jorc to be announced, page-44

It was nice to see some buying to the upside today after a very long painfull decline, the presentation probably sparked some interest. My rough calculations on 29.4 sq km's at an average thickness of 5m of phosphate is coming in at 264m tonnes. This dosnt include the mineralisation further to the east and south where the drill spacing isnt so close.

It will be interesting to see if NUP just use the area in the 29sq km area for the JORC or if they step out further to the east and south as RUM used extremely wide spacing for a very large part of their recent JORC upgrade which to the west was very low grade phosphate. Having a close look at the grades NUP has deliniated in the 29sq km area it seems on average NUP could be sitting on a very decent grade over a much larger area than what RUM are sitting on. RUM certainly have a nice patch of high grade in their JORC but the majority of it is lower grade unlike NUP's results.

This JORC im sure is going to surprise in the tonnage no doubt and its looking like the grade is going to be very healthy.

RUMs current value which has been cut in half from its high is still around $42m, surely if NUP can match RUMs phospahte JORC NUP should be able to get well above the current $10m market cap. This market however is making no sense at times, Interesting weeks ahead for NUP as the JORC revision gets closer!