Ann: PROJECT UPDATE - PANDA HILL NIOBIUM PROJECT , page-2

re: Ann: PROJECT UPDATE - PANDA HILL NIOBIUM ... Well there we go an update to the scoping study, it is ahead of the planned schedule by 2 months , expect it out by the end of January, perhaps to have it all packaged up ready to present at the Indaba conference http://www.miningindaba.com/ in Cape Town early Feb.

Looks like from today's annc the pre-feasibility study will be completed by around July 2014. Interestingly there is more infill resource drilling scheduled to commence Mar 2014 which is a required part of this study, which makes me think that given the cash position currently of the company, perhaps a annc on placement funding isnt too far away to meet this schedule???

I have to admit i find the current SP perplexing, i know the junior resource market has taken a battering and its all about tech but geez, these guys have fundamentally delivered a niobium (bullish trending commodity) reserve rich in grade and increase quantity at surface as evidence by the latest drilling campaign, studies ahead of schedule, and the more i read the more i see they are going to be the next producer (only 4th player) of Niobium in the world for the last 30 years, and still they are a sub $20M mrkt cap...WTF???

For me it was always a fundamental play this company and so i cant be too worried about short term SP but see how the story develops in 2014 which by the schedule in the annc today looks like a busy year of progress and bearish resource sector or not an increase in SP to follow...

time will tell.....