Guys just went on to the web page and got this:- The Kodu...

Guys just went on to the web page and got this:

- The Kodu Deposit contains an Inferred Resource of 543,000 tonnes of copper equivalent, grading 0.50% in 108 million tonnes grading 0.33% copper, 0.42 g/t gold and 60ppm molybdenum(calculated at 4/07 metal prices).

- The Company’s short term goal is to convert a significant portion of the current Inferred Resource to Indicated status and also to significantly increase the total tonnage of the deposit. The intent is to release a revised Inferred Resource in early June, then again in early August 2007, then likely commence a pre-feasibility study to evaluate possible development paths and requirements.


SO,

a conceptual resource of million tones has being confirmed.

This will be upgraded when the JORC comes out in next 1-2 weeks.

It just depends on how large the upgrade is... 40%?; 50%?; 60%?... could be anything...

But the key point is, is that the deposit is about the be formally confirmed.


Also, Frontier have signed a JV with TECK COMINCO - the largest zinc miner in the world.

TC are closely monitoring the company with the intent of acquiring a stake in the Kodu deposit by end of year... as delineat by company itself

"""Frontier Resources, the listed Australian mineral explorer, is open to the idea of attracting strategic investors to the company, said MD Peter McNeil.

He mentioned that he and his father control around 15% of the equity in the company. While the Board has no definite view whether it could offer a minority or majority to an investor, he said that Frontier was more open to offering around 10% equity to investors sometime at the end of this year or beginning of next year.

He also said that a majority offering affects the dynamics of the company and that he had not yet thought about that side of the corporate scenario.
He also said that the company is attractive to strategic investors for a number of reasons.

He said that the company's market cap is around AUD 13m (USD 10.7m) while the company's Kodu Project in Papua New Guinea alone has an in-ground metal content value of AUD 5bn (USD 4bn)"""


LOTS AND LOTS OF REASON to be BULLISH about this one.

It really could EXPLODE tomorrow.


Good Luck