Dumped my holdings., page-20

R42,

Everything in mining is 20-30% cheaper now, possibly more. All those unemployed miners and frackers in the western USA are looking for work. And Just ask those Fortescue workers, those Rio workers, those Cliffs workers, those Alcoa workers how much a cut in salary expectations they will accept to go back to work. How much is steel per tonne today versus 3-4 years ago? Iron ore? Copper wire? Hydrocarbon based piping? Cement? Even power? No, I am afraid you are well off base here.

No reason to disclose a toll mill agreement. No legal reason to disclosure. If there is one like I believe there is, it will be in the scheme book.

The Sunday mines alone can fill PR mill. Add in the other WU mines and it is uber full. Then add in the HT ore and the mill needs to expand. Glencore, MRI or Trafigura would provide financing for the vanadium off take. Any uranium contract signed would be additional financing from any bank. So I believe it can all be done without outside ore.


Cait