Gidday Gosouth, Not necessarily. Further drilling isn't always a...

Gidday Gosouth,

Not necessarily. Further drilling isn't always a segue to mean that management hasn't of yet defined an economical resource.

For me it is more likely that you could break this into two separate stories.

1~ Management has defined an economical deposit and is now in price sensitive talks (cannot inform the market) on gettin' that defined deposit into production

2~ Further define the total resource via drilling.

Any savvy operator will define a resource and than try and get that resource to a paying customer to minimalize SP dilution ASAP, whilst further defining the whole deposit. In other words, you want a management that works on different aspects of mining concurrently rather than consecutively.

If you were to look at the history of iron ore juniors in the Pilbara, you could break them up into two categories:

- those who worked consecutively (continued to drill and drill, diluted the SP excessively -- and didn't get into production) I won't name names.

- those who worked concurrently ( defined a resource and than concentrated on production, whilst further drilled -- these companies went into production) Atlas Iron and BC Iron.

Moreover, my opinion on what BC Iron did during those years in question is actually FACT. The chief operator at BC Iron during those years publicly stated his plan on how BC Iron should fast track into rapid production. Considering that the same guy is now CZI's Chairman and mentor to all at CZI (Yes even Richard), it's not a stretch to think that same game plan will be adopted as CZI's strategy.

Furthermore, it wouldn't therefore be a stretch to think the team is infact working harder on price sensitive (can't tell the market) development plans rather than contracted out drilling plans. I'm expecting more news to come from the former, rather than the later in the following months. Because that's what happened at BC Iron during their "orphan period".

All the best.