Ann: Quicksilver - Extensive Cobalt Demonstrates Potential, page-42

MC 5.3m - CRAZY?

• Look at QUICKSILVER first:

Nickel on the rebound.

My quick estimate - At Quicksilver, cobalt - AU $300 million in ground value. MC value of 48 million -for COBALT alone, for just top section only!
would give 20% profit per year for 10-year life of mine.
Add in GOLD credits - SIGNIFICANT.
Rare earth credits too.

Where does it all come from?
RIO has recently taken up adjacent prospects - interesting.

• YUINMERY- fantastic prospect- GOLD.

Plus Yarrambee - large igneous complex-? Nickel? PGE? Copper? Lithium?

• Plus Marble Bar- Lithium and Gold prospects- still awaiting granting of one tenement. Soon?

• Plus some joint ventures- Gold.

• Funding completed for time being.

GOLD - AU$ 3,549.00 per oz. today!