today's trade, page-20

Following my meeting with the company I can summaries the following:

1. Assay results 2-3 weeks

2. Resource calculation next month.

3. grades are outstanding. Widths of 6m plus would be nice but ok what we have.

4. Every Archaean VMS style mineralisation like this in the world has the same charactristic. A cluster of 5 or 6 pods. Aeromagnetic surveys confirm these signatures. Get 5 or 6 of these babies very happy indeed.

5. diamond drilling currently going on.

6. mineralization extends to surface.

7. consensus amongst broking firms which the company visited is if it had not been a shit market, this stock would have hit 60c in a walk.

8. Shares on issue very low and they want to keep it that way.

9. Strong insto support for the company.

10. Worst case scenario will see the ore toll treated down the road.

11. Too early to tell whether it will be a full plant and production facility. More drilling required before that assessment can be made.

12. Plenty of news to come.

My view is these are good blokes who know their stuff. they got lucky and why not. There is real spring in their steps.

I will acuumulate. Like them, like this.

Flux