Ann: Jaguar Central Outstanding Intercept, page-42

Hi hoony,

I suspect CTM will be mincemeat for a major... We may not get full price in a TO, but it looks to me like our boys are going hell for leather to extract as much value as they can before the big boys come calling. Let's not forget these boys did all the hard work on a 'shovel ready' iron ore mine only to have the rug pulled from underneath them ... I doubt they make that mistake again - hence the haste to get in front of the next nickel boom.

The economics look good if we want to go the producer route, but with what i have invested here and am at the stage of life where I'd happily take a $2+ early payday.