the way forward, page-105

Thank you Crack for at least being prepared to back up your statement re bs .
I will do my best to deliver honest and objective comments .
Before I do that , I need to day that have interpreted bs as comments being made in a deliberate attempt to mislead others .Everyone is entitled to put an opinion , albeit considered by others to be incorrect .
I also note that your quotes are not verbatim , and context is important .
The quotes are not necessarily attributable to me .Therefore , in responding ,I can only give you my views , and facts where I am able .

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'the already have enough ore to start a mine'

My recall is that a comment similar to this was made in reference to the possibility that Mile 72 MAY hold a significant amount of shallow high grade ore .
I am able to confirm , first hand that this is a view held by MLS Geos .
This was a view held even before the LH type calcrete came into play .
However , it was considered to be Gypcrete style , not calcrete .
Given the extent of outcropping mineralisation identified ,
imo this is still "in play ".



'they are worth a billion dollars!'

Context is important here .
My recall is that Kalaa produced a spreadsheet that caclulated that MLS could be valued at ~ $1 having regard to the size and extent of mineralised zones @ the surface .
Comparisons were also made to Rossing South --- valued @ ~ $2bn at the time .
Yes , that is a massive call , but not made without some substantiation to underpin the valuation .
It is certainly a future focussed call and requires the identification of ~ 250m lb of U .

'they are worth $80m currently because they traded at $80m in 2006'

Yep , I made this one tongue in cheek in response to you prodding me to make a valuation that I didn't wish to make .
I think I actually gave justification for a valuation of 8.4 c .
My recall is that you said at the time that you didn't agree with it , but acknowledged my right to an opinion .
Can you now call it bs ??
IMO , based on my current knowledge , my call of 8.4 c will be way low .It is just when that is the question .
Are you now going to nominate this view as bs as well ?

'they have a huge high grade uranium deposit, for certain'
I can't recall this one .Nothing is certain until it is discovered via exploration processes .

'they have a Langer Heinrich deposit as well!' [before they didn't]

I may be guilty of this one as well ??
But I think you have left out a key word ---MAY .
The company surely thought they did ...does that make it bs when it turns out that they didn't ?

'they are going to fund initial exploration buy raising money at 4x the current (3-4c) share price'

I have no recall of this comment ??But , it may have ben an objective of the company to do that .
I seem to recall that you indicated that mls was on the brink of a JV .Perhaps they were .
Does that make either comment bs.


'I am being conservative when I make the above forecast'

Can't recall this one , but if said , was clearly someone's opinion .

'yes, he's definitely being conservative'
As above
'I am top corporate lawyer but I don't quite understand the concept of "risk adjusted npv"'

Clearly not a statement made by me .Is it bs to say that you don't understand a concept ?

'6c is great buy'
'5c is great buy'
'4c is great buy'
'3c is great buy'

Just opinions imo ??

'this is my first time investing in an exploration company, what happens next?'

Someone's statement ...doesn't appear to be bs to me .Actually refreshingly frank .

Crack , you have articulated a number of comments that you regard as bs .
History shows that some of the opinions expressed , with the benefit of history , were incorrect .
But the real question is were they bs ?? ie have malaevolent intent .

None that I can see .

If you have ANY evidence that someone has deliberately , and knowingly posted iinformation to mislead , please identify it .BS doesn't just mean having a different opinion to you .
Hugs and kisses.
Q