General Discussion Topics, page-64214

Morella's quarterlies are out. Have to say not much Joy there with respects to what they've written up on their Pilbara efforts. Seems we are still a ways off on any sort of result as can be sighted by statements in regards their Mallina drill program :-

" chips and core arrived atthe Perth laboratory in the first half of July " ....... And ,

" results are expected to take two-three months. "

No Joy on my much touted Mt Edon project either as ' Further ' work has to be conclude before a proposed Drill program will be even planned.

And with circa $4.262 million left in the bank , its no wonder they scrambled for their current raising.

I do find it hard to believe though that as a 51% JV earn-in partner that 1MC has only spent $28,000 on exploration in the June QTR , and only a total of $77,000 for the entire year to date. I think we might be being played here people.

Because , I would have thought that 3 drill DD holes on Mallina alone would have cost more than that. So who is actually paying for this earn-in .......US .....or THEM....?....