what i am unsure of is posters saying that no drilling has/will occuring in calendar year 2010...
has anyone actually confirmed this? or is this all fluff at the moment?
the way i see it is that the north east of australia (myrtle, mcarth river etc) is much the same as the north west of australia (pilbara) as bhp and rio (the bigs) own much of the tenements with the smaller players getting chewed up bit by bit for their reserves either by way of business combination or pure asset transaction or JV. The bigs over in the north east are in a comparable situation.
im very happy to hold, although it may take some time, i believe we are on a winnner.
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