buy

For my dear friend meerkat.

I once again have to repeat that there will be no capital raising except by the exercise of the options at 3c to raise $1.7m on or before 31/3/05 !

HCY have plenty of money in the bank; MRE funding them with another $2.3m after the $400,000 they are spending drilling with two teams round the clock from next Monday onward.

The company is completing electro mags over a huge area as well as revisiting down hole targets.

They are nearly in receipt of the latest assay results from the drilling on the strong(er) off hole conductor.

I am talking nickel at the moment. Any gold found is 100% HCY's and there is a high probability bearing in mind past results/ indications; and the location being Bardoc, 45ks north of Kalgoorlie, that there will be a huge deposit found, perhaps similar to the Placer's nearby "Paddington" pit.(only averaging 1.5g/t)
It is known that Placer are hungry for ore to treat at their plant which is operating well below capacity.

I would expect there to be a certain amount of publicity surrounding various stages of the program and I am accumulating. So, I guess you know that I have the courage of my convictions.

Base metals are forecast to continually rise over the longer term (obviously in a fluctuating manner)so the future for this stock looks great.

Good luck. Don't leave it much longer before you get on board for the ride !!!!!!!!