Ann: Very High Metallurgical Recoveries, page-4

Fantastic results. only 55 million shares on issue and 20 million of those are tied up. Looks like OD6/MRD and all Esperance clays can be mined very very successfully. MET results are extremely POSITIVE and way better than i expected. Market will wake up one day. Clay processing is 10 times cheaper than hard rock and Esperance is close to all infrastructure , work force and ports. To build a processing plant for clays is around $150 million and for hard rock its over $1 billion. Market cap here is so low compared to its potential. Once OD6 get a JORC out MOU's will be signed. BH said if MET results are positive MOUs can be signed when JORC is out. As TCF said major players will probably buy out MRD/OD6 as the potential to mine REEs in Esperance for 50 years is very real. well done longs.