Tassie is going very well. I'm very happy with the potential of the area. I don't believe there is much value in the shareprice for Tasmania, eveyone is focusing on the iron ore story. So Tasmania is additional blue sky.
We are getting ready for a large drilling campaign starting in January. We will drill 3 or 4 holes into the Devon anomaly, a follow up hole into Five Mile Rise and an IP program and single hole in the Cethana anomaly (providing shareholders have voted to approve the farmin).
I am particulrily excited about the Devon and Cethana drilling. Both have the poptential to be huge. After we get the assay results back we will need to decide whether we look for a JV partner. Somebody big with large pockets. If we can attract a Newcrest (who has land around us) or Zinifex (who also has land nearby) or maybe an Oxiana we can let them manage the project and concentrate on Irvine Island.
2008 should be a very good year will drill on all our properties.
Cheers Tony.
PLV Price at posting:
0.0¢ Sentiment: None Disclosure: Held
