so. what do you think, page-2

Jesimore,

'Mincor announced on 8 January 2008 that it had signed a conditional Heads of Agreement to acquire
View Resources’ 30% interest in the Project. If Settlement is achieved, the $22.5 million cash outlay is
expected to produce a strong financial return based on current reserves, as well as providing Mincor
with 100% of the future upside.'

*Essentially means that the Carnilya Hill Nickel Sale has not yet settled/concluded - at this time.
I have sent an email to Tim Gooch requesting clarification,
and will advise on response etc.

In answer to your other questions, it's all hypothetical
- suffice to say Nickel is down a fair way at present, and Gold is up in a large way, and that all indicators point to a surging Gold Price moving forward, short, medium and long term.

VRE is now some A$60M up in free-cash projections, over and above the original base case/feasibility estimate of A$125M of free-cash.

They should now be in a very, very strong and robust cash-positive position moving forward, with no debt and no further dilution required.

The 06/2008 options WILL be in the money, well and truly by June IMO. That will mean A$11.3M in the kick for M & A activity and a massive and continued Gold and Nickel exploration programme in 2008/2009. 100% Bronzewing monthly revenues could/should be around the A$11M per month, or higher by then also.

Could see our first Dividend cheque on or around February,2009 IMO.

At least, that is what the tea-leaves are predicting to me ................. the Fat Lady is warming up to sing LOUDER AND LONGER than she's ever sung before!

wrxsti