Biddle’s Focus Is Elsewhere - For Now, page-5

no. i never said it was a dud, otherwise i would not hold some stock (bought recently)

i was a subscriber to the 1.9 cent capital raising, although back then i didn't have a clue that Biddle was interested in the bitumen.

i am just saying the discovery of Olympic Dam was both rare and took many drill holes

if the Georgina Basin drilling is a dud or is not immediately successful i doubt this will affect the share price very much because it appears the company is based on the bitumen deposit and the Georgina Basin is merely a bonus

for me, the Georgina Basin ground is worth $15M, say $30M max

all i was saying is we do not have a clue what the bitumen is possibly worth. generally companies issue Scoping Studies to offer shareholders some rough indications. its rare to wait 2 years for only a BFS

if GRV issued a Scoping Study, if would have provided more certainty

so now we rely on general guesses and the share price of the performance shares given to Biddle as indicators


regards

regards