merger with enk, page-19

Invest99

I agree that Rusina has spent millions on platinum drilling in fact for about 3 years it continually raised money and spent it on drilling for platinum that was 2002 to 2005.

In late 2005 Rob Gregory was appointed and within a few months had stopped all of that, isn't this why the prior dodgy shareholders tried to overthrow the Board in mid 2006 but in my view the good guys won.

There is a JORC resource of about 1m tones at a few grams of Pt certainly nothing even remotely big enough to consider mining.

There may be something there but a small drilling program about 18 months ago couldnt find any.

The chromite is definitely there (confirmed in the same drilling program 18 months ago) but NPV is $50m and subject to considerable geotechnical issues thats why they are after a partner.

NPV of Acoje at $586m (at $7 nickel) is vastly superior. The fact no partner for chromite has been found would indicate that this isnt that attractive at the moment.

You can find all of this by looking at the companys past announcements, annual reports and presentations. I suggest you do your research first before shooting off at the hip

SWB