Ann: Trading Halt, page-38

We've all known that when the numbers for Kalman are redone, using todays metal prices, the value of the existing resource envelope was going to increase significantly... However, the resource envelope/volume/tonnes themselves will now also increase due to a lower economic cut off grade.

Add to that, the new inferred resources associated with the extension drilling...and it is odds on Kalman will have a totally different complexion to before...to the upside. I reckon they've got the numbers back, had a look and fell off their chairs. So they will spend the weekend pinching each other to make sure they're not dreaming and more importantly, double check everything and then lob it into the market next week.

Re: CNB. Their success at Mt Hope just tells you the surrounding HMX ground is now also red hot. Dont forget, CNB is doing some pretty expensive drilling to prove this. The holes are around 600-700m deep ($300K per hole). Hammer can sit back and wait for them to put the jigsaw puzzle together, and then go and explore their own ground - it will be like shooting fish in a barrel.