update, page-2

Well done Delta5

Some good questions there.

In a nutshell JTC MOU tech tests "looking excellent at this stage".
Should be finalised in January. Progress reports will be released.
AGM will provide further insights.

Cash should last into the next financial year. Prior to that a deal/s will be done so finance will be completed.

Lots of drill results to come.

Chinese presentation resulted in lots of interest.
Resource continues to grow and add value to the company.


Heres something to consider:

In a little more than 5 weeks PLV will start DSO production NEXT YEAR!

Have a think about that....its getting closer and imo we don't have an MC to reflect that or the excellent developments that have come to pass.

And on the subject of DSO operation would be good to get some further company guidance on that.

The fact PLV continue to do presentations like the recent Chinese conference demonstrates they are still 'out there' pushing the company and generating some real interest.

We have the Japanese and the Chinese very interested in Irvine.

More demand the better the opportunity for PLV 'perhaps' to do a better deal with the current MOU.

Would like to know just how much IO the JTC are looking at getting from Irvine.

If my understanding is correct (please correct me if its not) if current MOU is for a beneficiated and specialised product where does that leave the DSO operation, and the remainder? (if any) of beneficiated product?

Will the JTC be looking at the total beneficiated product or just part of it?

If only part, we may see a number of agreements come to light in 2011.

Delta5 one more question would be; Will the company be looking at finalising the Mayala agreement once a deal is signed with the JTC?

Going beautifully....except for the share price.

You look at whats happened in 2010, what is happening now and into 2011, and its hard to believe this company is still around a 100 million MC.

60 cents is a long way short of an Intersuisse valuation of $2.82 based on conservative estimates and assumptions.

I guess it indicates, particularly based on upcoming developments, that we can expect to see some real action in the coming months.