Ann: 1km Long Gossanous Ni-Cu-PGE Outcrop at Mangaroon, page-26

Hey mate (and all),

Quarterly will be out next week so we'll see how they're tracking.

They're fully funded for these drill campaigns, and some Mangaroon (non-JV) work (after Kimberley work).

They've just started getting into the Kimberley programs so I don't see a need for more cash for the rest of this quarter (at least?).

One of these days we'll also get some cash in from an Iron Ore deal!

At the end of the day, when a CR does happen, it'll be over quickly and to big boys (ie. no SPP to drag it out this time).

My guess is that they'll do all the drilling that they're funded for and then raise some after (hopefully) a good drill hit (or two) - they're drilling:
- 2 Ni-Cu-PGE targets
- 2 Cu-Au targets
- 7 VMS targets

VMS results could go alright if they hit but the Ni-Cu-PGE or Cu-Au targets will be company-makers if any of those hit.

Cheers,

GB.



edit: the way it's trading, it looks like they've hit something already (or might be just the market becoming aware of the potential here?)