hypothetical question, page-59

Hi westcott

Yes GJ and GC are very good operators....they know the industry well

You think GJ is past his used by date!!! Geez when he talks stock jumped 100% first time few months ago ....and 25% last week...not bad for a past date non exec chairman

I said its great to see its been narrowed down to two parties...Were there more...who knows....What do you think?? Probably more..but not very strong it would appear...

Westcott when I say GJ is a good operrator ..they are street smart and savy...they are schrewd operators....you think everything in business is squeeky clean and crystal clear..it aint...never was..never will be..

What do i base my share price on....same as what everyone here bases theirs on...their opinion...I base it on the fact that majority are sellers...i base it most broker research 25-30c vals...will trade disc...i base it on the fact the stock is 10c now and given everyone so certain of success..its seems to be pricing in not much..i base it on the fact that instos wont dive in early..and we are years away ..so there is develoment risk...i base it on what i see playing out...everyoo here..well nearly wants out and get their money back...their will be walls of selling...im sorry..thats my call..i certainly after news will be selling on quickly..buy rumor..sell fact..rumor is out..stock aint being bid...worriesome to me

Announcments over last 5 years were spot on...no lies westcott...dont play on words...never said no interest around...but as i said...and will say again..Hanlong the only one to step up and put their money where their mouth is..with a 20% stake...noone else did...alot of talk...nothing concrete...you must agree...

Not contradicting...20c...on a jv deal....takeover 20-30c max...more like 20c...100% premium...not bad...any other 100% premium bids going on in the resouvres iron ore sector at moment???

No stats re HC sellers....just my opinion...i think im pretty close...ask how many are keen to sit for a 3-5 year build journey..and how many want their money back and move on....overwhelming the later

Westcott i think the stock could move 50-100% from here...great trade...