Ann: UCL: Namibian Phosphate Project - Resource U, page-4

re: Ann: UCL: Namibian Phosphate Project - Re... Perhaps they aren't buying because the best stuff in the Joint Venture is in UCL's tenements?

With the inclusion of the JORC-Compliant Inferred Mineral resource estimate for EPL3323 reported in January 2009 by Bonaparte Diamond Mines NL (“Bonaparte”) the cumulative Indicated Mineral resource estimate for the 3 primary tenements in the Joint Venture area currently stands at some 789.5 million tonnes comprising 611.1 Mt at 18.1% (from gravity cores samples) and 178.4 Mt at 15.6% P2O5 (from
grab samples).


It is definitely an issue for MAK if they cause the JV to fall over. The Meob tenements have potential but Sandpiper is the potential jewel as this report shows.