agm preso out, page-7

DJR
I to was impressed to with Ian Burston .
I managed to have a talk with all of the management team .
They all seem very happy with the progress to date .The only real thing Ian said was we are going to finish the drill programme ,we would not be drilling and wasteing money if there was not any ore there you my take from that what you will.
Not exactly what I wanted to hear but after you have spoken with him you can understand his position .
Don and Nathan both seemed very positive .The only concern would be the Metallurgy.That should be known shortly .
Nathan said they had been approach buy interested parties but did not give details.
Ian Whiteley was also there and he had just come back from site, he seemed to be excited about the programme but I could not get details as he went off to talk to some one else .He did draw a small plan on the board of the drill site and they are only drilling 10% of the total area .From this they hope to prove up approx 400 hundred million tonne .
Over all I think we now have a waiting game until the first result and the jorg in March
As DJR has said I think the mangement team is impressive and is acting in a very proffesional manor.
One other thing to consider is the fact that EIO will be the first cab off the rank as far as iron ore miners so we have to do the right thing .This also may give us some advantages that others may not have further down the track