You are being a bit harsh in your rush to judgement on the...

You are being a bit harsh in your rush to judgement on the Falcon management.

Falcon has not had control of the Collurabbie project until very recently and so has not been in a position to call the shots on a drilling program. It was during the WMC tenure, as the then major partner, that the initial indications of a possible new mine were identified. On the basis of those results Jubilee bought in. BHPB inherited the project following its takeover of WMC and, to its credit, it did appoint a senior geologist to take the project on. However for BHPB to remain interested a project must be of world class; read for that gigantic in size. BHPB pulled out of its WA nickel interests and it was clear then that the Collurabbie project would not fit the BHPB company profile.

Falcon management has not sat on its hands in relation to this project, but in the last few years it has been hamstrung by that BHPB majority ownership.

In the last year it has negotiated the return of the project to 100% Falcon ownership, it has raised many millions of dollars and has undertaken a drilling program just completed which has provided a lot of information about the likely orebody. These results will guide a very intensive drilling program which is planned for next year. Have a look at the FALCON web site for details. That program is likely to generate a lot of interest and that is what Fat Prophets is telling its subscribers.

That, then, in time, is likely to affect positively the company's share price.

In addition Collurabbie is not the only iron Falcon has in the fire. Again look at its web site for details.

However you have to realise that Falcon is a very small company with only about $5 or $6 million available. It has to shepherd these funds very carefully by undertaking carefully planned drillings and by taking on paying partners where possible.

In my view the management is doing a good job and has my support.