Ann: Grant of Mining Lease at Brockman Marillana , page-8

re: Ann: Grant of Mining Lease at Brockman Ma... not only is the NPV conservative from the IO price perspective, but the other prong is the imminent resource expansion.

As the announcement said the drilling campaign is over for the moment, so results including an expansion to the resource, an upgrade in its JORC status and beneficiation results cannot be too far away.

1.1bt and rising. Dont need any more resource really, but it will show that the economics of this project are improving all the time.

by the time the next raising comes around, we should be north of $5 imo. WR seems to have a deft touch on the raising front, after a number of us (includign myself) had to eat humble pie over the last raising at $2.50. That raising has probably created the opportunity to get to $5 in the future, and not end up on the scrap heap or heavily diluted through the GFC raising at 50c.