being thrashed, page-17

Guys, this is what I got from IK this afternoon..

,

Basic Press release went out today on cleaning up the outstanding 12.5% equity in Mt Mulligan Tenements. There were a few basic words added there on status of scoping study, access negotiations and value creation. Because of the interrelated nature of the access negotiations with traditional custodians and the method of resource development there I cannot discuss either in detail until concrete outcomes are attained. Might I say that the quickest, lowest impact both environmentally and culturally and most acceptable from a capital cost and revenue upside potential is looking like coal seam methane development. It is around these initial principles that I am having positive progress in developing the Mt Mulligan opportunity. Further announcements will be made as these are further progressed. Sorry I cannot elaborate more at this time.

Ian Kraemer
Managing Director

Mantle Mining Corporation Limited
Phone: 61 7 3512 7200, Fax: 61 7 3367 1867, Mobile: 61 4 0775 8722
E-mail: [email protected]
Level 3, 24 McDougall Street, Milton QLD 4064
PO Box 2071 Toowong BC 4066, Australia

Sounds good to me.. its just the impatient ones who sold today, in addition the nervous nellies not will to hold over night because of the DOW.