uranium search completed..base metals now, page-3

Hi Guys,

I spoke to JY yesterday, will be carefull what I mention though..

Assay results from drilling at Bundey, which has finished, will be around 6 weeks away. Drilling finished early due to rain. Some interesting finds (un-expected) undergound, will await these results with interest.

The ground prep of harts range, pre drilling, has uncovered some surprises too. They have taken some rock chip samples to get evaluated.

WDR know the area very well, and have ties in with the original pegging of Molyhill. WDR value THR, on current resources, as a 30c stock, and was happy to pay on average around 15 cents for their 26 mill. WDR directors on board have offered new directions, all for the better.

Expect the Capex for the Molyhill plant to be reduced substantially. The original DFS has been tweeked, quite a bit with good results. More on this soon, probably August. Media separation before throughput will assist in reduced costs, also, keep the eyes open for a valuable by product as a result.

Boot financing still being worked on, have a couple of options, all sounded very positive to bottom line of MH. Currently in negotiations.

Looks like we will be producing a concentrate at MH and then transport to Alice Springs for further processing, where the power, water, etc infrastructure is available at 1/3rd the price.

As Conix has eluded to, thanks to his work earlier on, we have some exciting tenements, and with MolyHill providing us with some cash flow, I'm very comfortable with my choices.

JY did also mention that his payday comes next June with his oppies, so all efforts will be made to get these over the line.

Think thats about it, better put a disclaimer in about poor hearing in my singing ear, and was all from my deteriorating memory, hope this helps.

Regards, TCG