Ann: Li - Au Drill Program Commences at Yandal Project, page-80

The CU price seems to be continuing to rise. Demand from China appears to be higher than expected. The economy in the USA does not appear to be cooling off or remains robust. Electrification in Europe is stalling a little - probably until the next heatwave, when all the politicians will panic again and conjure up the end of the world - then it will be expensive. Hallelujah.

Conclusion: It seems to me that the markets don't quite trust the roast yet. It will take more pain on the CU price side to break the dams. When will CU Explorer shares react? Only at USD/lb 4.50? Probably sooner.

Quite a silence from the HMX front. I wrote to Dan and asked him about the drillings (JV, Shadow South, IOCG potential). Will report back as soon as I get an answer.

The bid-side has become quite thin again, hasn't it? I wanted to buy some more - but there is hardly any material available that could be skimmed off. Is there anything in the pipeline?

Whatever. I'm feeling pretty relaxed and wish everyone a good weekend.