Yes, we should have news flow in the 1st and 2nd quarter. the...

Yes, we should have news flow in the 1st and 2nd quarter. the recovery in the iron ore price is a positive. the revised DFS for balla balla will be very interesting - in particular the trans shipping option. Todd have deep pockets and a direct 25% interest in Balla Balla and hopefully we can line up a binding off-take and some equity from a Chinese partner - the board has experience in doing so in prior ventures - rather than current non binding LOI

Mineral sands sector seems subdued, Iluka has cut production, but we should get an upgrade on the JORC too at west eucla

There's also the wild card around whats under the mineral sands. Sheffield's tenement is right next door, just a few kms, and they have announced ni cu anomalies ala sirius. their tenement looks to be on the edge of the fraser mobile zone and we are a few kms off. But I believe we are doing a vtem or dtem, so will be interesting to see what it shows. Sheffield's vtem got targets for follow up work and drilling

Will be good to see how much cash we have in the quarterly, based on the last one we should still have $5m in cash.

so all in all, seems a good risk versus reward for 2013....