mallee bull returns 84m @ 4.42% cu, page-50

Gday peoples i spoke to Rob Tyson today. He was very happy with the way things are progressing at Mallee Bull. He said he was very dissapointed with the share price and really cant understand whats going on. Although he did say that all copper stocks and mining stocks in general were getting smashed.

Personally i believe a lot of people loaded up on shares between 60 and 70 cents. These people then wathed the share price drop below 50 cents. These people would be very scared and have sold into yesterdays announcement. You can also factor in the current falling copper and commodity prices, not to mention all small cap mining stocks have been smashed recently. Not to mention a lot of last years investors sitting on massive profits. So a combination of factors have been at play.

Anyway Rob is very happy with the way Mallee Bull is panning out and believes Mallee Bull is one of the best copper discoveries of recent times just on current results. He also is stoked about the improving copper grades at depth.

Rob said the current focus is step out drilling to find further mineralisation. He also said diamond drill hole number 11 is getting down there and we can expect an announcement in the next few weeks. He also said even on current results there is enough for a mining operation, although he did caution this will have to be confirmed by a jorc resource and a feasibility study. He said later in the year they will do closer space drilling to define a resource and hopefully put a jorc out towards the end of the year.