the next fmg..., page-9

Guys ,

even if NO other tenements are granted , we are still sitting on a winner.

the BAU management team know this... thats why they went to China with out the granting of the other 30 or so tenements..

this is SIGNIFICANT,

Think about it.... a company maker based on the 3 Nth Darling ELs they already have... what will they have if the other 30 get granted..?

Mind blowing!!!!!!!!

South Darling is the clincher as well as the Chink in the armour if you ask me..

there was a phrase in the quarterly that worried me... i will raise it now.

From the quarterly , Pg8

South Darling Range Project 2,521km2 (approx)

"The Company strategy for the South Darling Range Project area is to identify sufficient bauxite resources
to ship bauxite ore direct to overseas markets. Some of the tenements cover areas that were previously
held by Alcoa and Worsley pursuant to State Agreements. The terms of the State Agreements may affect
the Company’s application to explore for bauxite, in which case the Company intends to negotiate with
the relevant parties in an effort to secure bauxite exploration and mining rights to these areas.
The tenement E70/3312, in the Manjimup area of the South Darling Range, covers parts of areas which
were previously explored for bauxite by Vam Ltd from 1969 to 1973. In 1970, Vam Ltd completed a
resource estimation which had average grades of 34% available alumina. "

can you pick the worrying part..?

Some of the tenements cover areas that were previously
held by Alcoa and Worsley pursuant to State Agreements. The terms of the State Agreements may affect
the Company’s application to explore for bauxite, in which case the Company intends to negotiate with
the relevant parties in an effort to secure bauxite exploration and mining rights..

this worries me... company can foresee some probs there i think.
none the less, as i say.. if they get 15 of the 30 or so outstanding EL applications granted it will be huge. all 30 and yes , you have yr FMG

just my thoughts...