chinalco wants to buy copper mines!!, page-6

Hi Reichman,

in the qrtrly:

- we have few tests on Feysville that we're waiting on that someone posted before that are in the lab already!! may be some of these results will come out in qrtrly??

- KP update on costing per lb according to the updated feasability study!!

- I heard the china "interest" story in our KP project. I keep wondering to whether that interest was in the form of an unofficial offer or was it a "watch with interest to see more results" or was it "if you couldn't find anyone else then come back to us"!!!!

If the chinese are interested in KP, then our RIU presentation is there to find A BETTER options???? or to look for more attractive proposal???? is it a stunt to create interest???

keeping info away from market HAS ONLY 1 OPTION in these situations in my opinion. that option is that we want a leveled ground to put all our cards in 1 go so all interested parties can COMPETE with each other on our project at the same time!!!

lag of info & taking it in bits & pieces if it has any harm (IF EVER), it will have to be that it doesn't have any particular time that anyone with interest can give an opinion but rather always stay waiting for more confirmations of grades, more testing, seeing other offers from other companies, monitoring market interest, etc..

so in my opinion, IF EVER there is a benefit of what has been achieved so far of keeping info away from the market, that benefit will have to be that when all info goes out to market, they would usually be complete & then offers can create a competitive environment & it also COULD creates a sense of URGNECY between prospect partners to who (COULD) react to that by offering more to win the deal!!!

Market interest in my opinion has to be obvious in the shape of big buyers & obviously higher SP before we could hope of different partners to starT competing to become partners in our projects!!!

the current SP doesn't show much interest at all & unless a MASSIVE change in buying attitude occurs after qrtrly then I find it hard to beleive that Angus will go to any partner & tell them that my project is 1 of the best but the market DOESN'T LIKE IT & NOT WILLING TO PAY FOR IT BUT I'M TRYING TO SELL IT YOU!!!!!!

this is my 2c worth!!!

cheers,