Ann: Trading Halt, page-46

I figure (hope) it's the carbonatites because they may have been given priority in the sample queue.

It's a trading halt, which means the results are material from a company perspective, but not necessarily a share price perspective, which will also depend on expectations already built into the SP.

If it is the carbonatites, then we know the widths are pretty good, so it comes down to average grade. If I remember correctly the widths were based on pXRF readings of > 0.2%, so I figure average grades of:

• 0.2 - 0.5 mean we have more drilling to do
• 0.6 - 0.9 mean we're looking pretty darned good given the widths and I would suggest a decent re-rate is in order
• 1.0 + means we're onto something really big and a big re-rate is in order
• 3.0 + and this is a monster firetrucking bonanza.

Just my idle thoughts while we wait. There is obviously much more too it, such as the Nd/Pr split and other elements that may or may not pop up in economic quantities.