announcement out on asx , page-46

hey philh9

Conceição Nickel Platinum Project

Firstly I confess to being confused about the comments TP made on this project. "A new nickel prospect has recently been discovered AT the Company's Nickel-PGM in southern Carajas." So... who did the three shallow auger holes? If it is AT, that suggests ON... er, well I dunno....

If it was nearby, or on an adjoining tenement, then it would have been better to clearly say so. AT their Conceição prospect means right there on it.... or maybe
not ?

Someone here more plugged in to things than me may have the answer.

I had the impression that AVB had recently done an extensive soil sample survey on this prospect.... not sure if it is the case though.

.. anyway Nickel-PGM is an interesting wild card.

It is a break away from the usual 50m @1.4% copper from 300m all the time etc etc.... That super-gossan was more metal than rock.! Things winding down a bit at PB.

.... as for resource upgrade in "coming weeks", I would not be too hard on them.

Vale talks offering scope for a cash-and-something solution PLUS as well as previous scoping studies and proposals there are now more alternatives for copper production to be assessed, new drilling program at Conceição which is a fair distance away.

Things must be coming at them from all directions!! so I have some genuine sympathy and I am sure when it is all sorted properly and professionally we will be informed. Just need to be supportive and patient in the meantime, and it will be more than worthwhile.

Cheers PP