trades 3-10 to 20-10-2011, page-22

Happycats comentary below which was fairly balanced, i would be interested to hear what HappyCats the resident Geo would think about the recent qauterly, plenty imfo that im sure he has the best ability among us to pull apart.



*****In the absence of being actually told -

Perhaps what they are doing is going around drilling out each discrete mineralised structure that outcrops within the breccia complex to gain JORC compliant numbers on those. After all, they are aiming for a resource by 2 '12. Those structures might average 10m t each - so a number of them at good grade would probably get a show going. However, to my mind that scale of operation is already priced in.

Then on top of that perhaps they are drilling deeper into each one and also into broader geophysical targets with the intent of discovering the seemingly thus far elusive giant mineralised porphyrytic source. If successful on that angle, then whinging about the price fluctuations will become a thing of the past.

So if, in fact, that is the strategy of the drilling, as it perhaps seems, then I find no reason to suggest it is inappropriate*****