this has to be good for aro, page-6

Hi Ponda

A very good overview. Just a few humble points to add.

1 Mcphee has the goods imho in both its northern and southern tenaments and aro maybe looking at further acquisitions in the mcphee creek area (this excludes a possible overseas acquisition). Astro's geo team now have the data as I think there was a mishap on the part of thomson aviation.

2 Imho the ink should now be drying on native title and again imho we will see an announcement early next week maybe sooner.

3 The tanami is looking more and more like a real possible play and abm asx:abu is looking very strong of late

4 There may also be a possible farmout of ellendale as diamonds are looking quite strong at the moment and there is some interesting threads over at lom I have been reading.

More and more this is becoming more than a one trick pony but as Bella alluded to, the market will remain sceptical at least until native title and drilling is announced.

PGamble