Ann: Exploration Update - New IOCGU Targets - JORC Tables Added, page-2

At last. News that mineral exploration is not a dead duck. Does this mean that monies coming in from the take up of options will be spent, in part at least, on prospecting and not be available to Noble to take up EDE options. Interesting to say the least. Are TAS putting some effort into exploration to satisfy the recent queries by the ASX and/or do they need to do some work just to retain the leases.

The next thing to consider is how this will affect the relative values of EDE and TAS. Maybe by placing a value of minerals on the TAS SP will show that the ratio is well out of kilter. Are the mining interests a positive or a negative in determining relative values.

A lot of questions without apparent answers.