time for reflection i think, page-67

thats one thing that puzzeled me aswell MB...

Teck left the Australian zinc market when they abondoned Leonard Shelf during the GFC - why would they choose to start a fresh project with Myrtle when the door still remained open for them on the Leonard Shelf ?

Interesting to note also that RXL's early exploration was on the Leonard Shelf but they also chose to move away from the project & on to Myrtle .....

IM has highlighted in the most recent presentation the fact that Teck/Xstrata have previously JV'ed on projects i guess maybe laying a hint to Tecks 25km area of focus put forward in the original announcement ?

On a final note back to the Marqua project - i did speak to IM shortly after the new project was announced & he did come across as very confident about the project, he believes the previous company took a very quick pass over the it & the potential had really not been tested at all. They dropped the project more as a result of the GFC & moving focus to an offshore project. The indications of a phosphate resource are strong & they will be seeking to define a resource as quickly as possible in 2011. Much the same as Myrtle being looked over by previous parties before Rox came along & applied a further focus to the resource.