Ann: Warwick Acquisition , page-2

these guys know how to stretch their wallets.

Its a good theme,

They are buying these assets for no cash, (script) and getting JVs where they spend less such as metals finance for barnes hill.

Its those sort of deals, where you basically say, we're happy with 50% of this or that, so long as it doesnt effect our purses.

What PRW need to do, to crystalise the upside of getting these extra projects, is get barrnes hill into production, get their cash cow working.

If they can deliver nicol at 2/lb, this stock will go to orbit. The bottom line, is deliver. Production.

The sounds we are hearing, are the right ones, they are picking up the assets, before they get noticed.

It is a good time to accumulate, but as i said, it comes back to them delivering on barnes hill.

I dont hold out any real expectation of a blind drill hole, on other targets. Too many spec explorers burnt their cash making that mistake.

Stick will getting the cash cow up and going, then you can drill your upside to your hearts content on exploration targets.

cheers