is this a good time to buy ?, page-7

Gregg

I think we should look at the risk in 2 ways.

1) In terms exploration: Based on historical maps, there was not much hope for hole 1 and 2, they were the risky ones. Potash layers were encountered in both drillings, so we know the potash is there. Drilling program is getting closer and closer to the best area. So the chance is increasing while risk is decreasing.

2) In terms of share price: There is no doubt if the hole 3 is not successful, it will depress the share price in the short-term (3-4 months). However, if the results are resonable, there is only one way for the SP, which is up and up.

Based on capital raising at 60p, director's buy etc, i think confidence and support are definitely there. This is also giving a hint that hole3 will be better than previous ones and federal permits will go ahead in the second quarther. IMO