barnes hill yay or nay, page-5

MFC is mainly responsible for funding the development of the Barnes Hill project from here on if they decide to go ahead with it.

I envisage any expenditure in their NT projects will need to be done with other JV's in mind, until the income starts coming in in a couple of years to fund drilling. I'm hoping that they get some good survey results from NT in the meanwhile that are worth following up when they do have the drilling funds.

Of course, this all depends on how Barnes Hill is progressing with the key milestones which we hope to find out soon. Its a risky time at the moment as Barnes Hill will make or break them. I think the share price reflects this risk until we find out more about the status of the project.