re: Ann: Assays and Drilling Confirm Magnetit... They really...

re: Ann: Assays and Drilling Confirm Magnetit... They really need to get a move on and find something soon before the cash runs out...the quality of the finds so far have been a bit poor given the effort, time and money that has been spent..i am afraid the SP is going to move sideways unless there is some better news...downwood pressure on the SP is will continue...

With only 5 million in the bank they are going to need to do a large CAP raising pretty soon...drill programs are not cheap and 5 million just wont be enough...unless something dramatic changes soon with a current SP of 4 cents if they are forced to do a large cap raising the price will need to be around 3.5 cents.....it is not looking good in the short term...