78 meter at more then 9 % ni, page-7

Hi El,

I understand your concerns but the capital costs of building the concentrator, flying fox and spotted quoll will now soon bring in the bacon.

The latest results at flying fox certainly has to justify the costs of going deeper to get to the ore.

Not only that, but we have KZL helping pay for it all, which imho was a great show of doing bussiness from both sides.

The next 6 months should show us what WSA is capable off and I think they will come in tops.

The pig nickle sitation seem to be there to stay and has scared BHP off to the extend that they seem to have given up on Nickel.

Just like yourself I am not adding to my Ni exposure, we had our good times, but I will keep holding my WSA just like you have your IGO.

Lets see where we both are with our holdings in say 6 months.
It would be very interesting to see, but as I said before one more quoll and I think WSA will be the winner.

jojo