I agree gefi. Any extension is good but again facts are...

I agree gefi. Any extension is good but again facts are missing.

Three things in the announcement stand out to me.

1: "The Company is proposing to commence development of the Prospecting Right once relevant approvals have been obtained."

We know that these approvals cantake up to two years.

2:"Mining on the Prospecting Right of between 350,000 to 400,000 ROM tonnes is forecast to be completed in approximately 8 months."

3:"A 15 hole exploration and resource confirmation drill program has been finalised and drilling has commenced."

How much is this costing and who is paying?

This in my opinion is the extension of mine life. Why else would you put this sentence in that announcement?

So there we have it an eight month extension on mine life now we just need the figures.