Just re-read the presentation .. for re-assurance :) By any measure things are progressing extremely well. Current valuation attributes zero chance of success, yet the milestones continue to be achieved and progress is on schedule.
Some highlights for me:
One RC and Sonic Drill operational at Marillana –Step-out drilling at "Abalone'complete
Resource upgrade for Marillana scheduled for next month
Metallurgical Testwork Program to support 2 Mtpa and 15 Mtpa Project design being developed and executed
Flora and Fauna monitoring for 2 Mtpa Mining License Application nearing completion
Mining Proposal to be submitted in September 2008
RC Drilling ahead of Plan
Surface sampling at “Duck Creek”complete –awaiting results (scheduled for analysis by end of August)
Discussions progressing with Local Shire’s and Main Roads representatives, along with relevant third parties for road and rail transport options for 2 Mtpa case
Native Title negotiations for Mining License Proposal progressing well
Confirmation that rail haulage options likely to be finalised at the end of next month
BRM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
