98 percent conversion for june 2008 options , page-12

Hi peteey,

It certainly is a bargain at today's prices.

I was predicting a fall back following oppie exercise. However, this unexpected combination with a generally weak market has driven prices into a well oversold position. I have been buying over the past few days as funds permit. We are now well in the range of short term trading opportunities imo and I am expanding my trading stock to the max.

When we get more drilling data, I will be redoing my resource calculations. As I've said before, the Stanley River tin values alone should be very lucrative for the company. I expect there will be more than enough eluvial material to support a low capex, surface tin operation in the short term before magnetite extraction starts.