nine msn, page-14

I guess you'd expect a takeup of most of the options, as they were in the money throughout most of the year.

The MOU is a longer term thing, and shouldn't distract from the immediate objectives of confirming the metallurgy, getting some preliminary sales contracts organised, and getting the financing sorted out. Interesting that BBY have been given the task instead of the other party (BMO capital?).

Not many people are raising money at the moment as most markets are so dire, so hopefully the fundamentals of the project will act as a bit of a beacon for the investment cash that's out there. So many of these co's have cashed in over the last year, surely it's time for a few to think about re-entering.

Boxes are getting ticked, eventually there should be some sort of critical mass of evidence. Possibly a bit of a sniff of the latter during this week. I've been buying a few more.