Mt Francisco, page-26

I'm hoping for the Dec18 quarterly to reveal $60m cash at bank etc.. Maybe upward another $20m depending on SC6 production costs.

I accounted for exploration costs as per the Sept 18 cashflow report expected Dec outgoings.

We know there is ongoing drilling of the Mt Francisco prospect. How much is unknown. Some drilling was undertaken in the Sept18 quarter without any great success. There have been historically small intersection positive results.

I would imagine if anything significant was found in ongoing drilling, it would have generated an ASX Announcement. Or maybe not.

This is the left field announcement that would really put the cherry on the PLS cake. Its the 3rd and largest of the Pilbara outcropping, after Wodgina and Pilgangoora. It may prove a duster but it seems very VERY prospective and we've hardly drilled anything so far.

I can't believe this SP is at 72.5c. This could be a very interesting quarterly report in 2 or 3 weeks time. Especially the impact it could have on the SP.

We're all spitting out our valuations based on future SC6 production but no one is really factoring in downstream profits and the possibility of Mt Cisco drilling success.

I can't believe this SP is at 72.5c.

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