Ann: Watershed Tungsten Project Optimisation Studies Boost Value, page-8

Good to hear from you, Sarg. I'm glad you got 1.7c. That's a lot better than 0.7, and if anything looks like taking off you always have the option of coming back to recoup some cash. The only way I can see Watershed taking off, though, is if the tungsten price goes and stays high and they're prepared to give someone else the lion's share in exchange for development funding. I just can't see VML getting it on their own and if they did the dilution to current shareholders would be intolerable. Mind you, companies as a rule don't worry about current shareholders and are quite happy to massively dilute and then consolidate 10:1 to regain a respectable look. As for Burkina Faso, there's always the possibility of finding a mother lode but so far what's been discovered is far from that. How much more cash can be poured down that black hole?