daytrading feb 27 morning, page-140

ESR: Here is why I like it so much. See SRK's comments below:

I was impressed with the acquisition and have take a decent position at 12.0/12.5 cents.

ESR have access to 1,800 core samples from drilling conducted by SQM in their search for nitrate. These samples have not been assayed for other minerals. Having access should translate into a quick and fairy cheap initial reconnaisance program. So results should start to flow fairly soon imo.

I particularly like this quote from the announcement:

"SRK has concluded that there is significant potential for large IOCG mineralisations to occur within the tenement package."

and this:

"Importantly, SRK has noted that the areas of intense anomilism occur coincidently with the presence of faults and fault intersections. SRK have indicated that these fault zones may have provided a potential pathway/trap site for the mineralised fluids."

With only 87.0m shares on issue and 51.2m quoted the stock could move sharply higher when exploration commences.

Market capitalisation $12m, EV of $8m.