rated a buy, page-7

I cant see a deal being made with MLX. I dont believe Jinchuan would see itself as a broker, and the relationship with MLX is quite sour.

We are only a few months off the arrival of the ball mill. Production is only 6 months off and there is little to gain by processing ore in a less profitable environment.

We may look at things in the short term, but for the company with a 15-20 year mine life (at least) six months is nothing. They look like starting up at the optimal time anyway.

News from Goro- New Caladonia. The natives have set up a temporary town on the route for the waste pipe- between the plant site and the sea. If Goro is delayed a further 12 months my guess is nickel is stronger for ever! Reports indicate the natives will not allow Goro to go ahead no matter what. Who knows. But its in our interest observe it delayed.

Here is a link to the Rhebu Nuu natives website. They are looking for assitance with funding to stop Goro going ahead. Please donate- to save the environment of course.

http://www.rheebunuu.com/souscription_en.php