excelsior we are away, page-2

I could kiss the management for that release. TNG is a layup from here, and its amazing watching the ignorance out in the market. Manbarrum is a deposit as big as Kagara (20-30mt) and this drill program is going to outline a substantial resource. I estimate results from first holes out in 3 weeks, and they will probably match them with the gravity survey so that the punters can play join the dots and get a feel for the size of the province.

Thor should come out the gate ok, lots of interest in it and uranium drill program begins in a few weeks after they complete the tungsten holes. Market cap is tiny so any buying should make a big difference. I think it will also get a big legup from the London listing once the Aussie one starts to show some legs as the market makers will be short stock and have to come into the aussie market to get it.

The only downer in my otherwise perfect day was Batavia which is still being sold by the dolts at 4c. Despite a BFS in completion, and despite an economic resource. It is quite ridiculous. I have seen shells with a high enterprise value than Batavia which has $9.5m in cash, $4m of Thor paper, and a million ounce resource in a market cap of now $20m.

TNG has the chance of being one the outstanding plays of the year.