Ann: Quarterly Report - June 2010 , page-2

200mt for Roseby plus the SEEP resource would make this into a very substantial deposit. IMO a strong likelihood Xstrata will take up their option on this, but suspect they will drag their heels and won't want to pay a fair market price. Its interesting that the agreement obliges them to buy an interest in Roseby rather than just giving them the option - though I assume they could get out of it by rescinding their SEEP interest?

Still two years to go and it could be this JV is more of a hindrance to their own ambitions in the short term. Still will be good to see them do some exploration of their own on Roseby and other Isa tenements. Still plenty of prospects around to grow their inventories. I will keep a watch on it.