cashed up but...., page-7

Franky17, welcome. You've bought into the company at an exciting and progressive time.

Like cmonaussie, Shaw River is a personal favourite and one that I have followed for 3 years now. I firmly believe that SRR will be the next globally significant manganese producer for reasons previously stated.

Regarding Baramine, apart from what has already been released to the market, I don't know what the true extent of the resource is.

What I do know is that a contact working in the area, told me that there are manganese outcrops "sticking out of the ground everywhere".

This video shows these outcrops and gives you an idea of what Baramine looks like;

http://www.youtube.com/watch?v=97mBnXUxTlc

Further drilling will help to qualify the resource estimate and work towards a maiden resource being declared. Expect more news flow about this in the months ahead, with subsequent development decisions being made.

What I do like about Baramine, is it's proximity to the world class Woodie Woodie manganese deposit zone, it's access to transport and infrastructure and the potential for direct shipping ore.

Shaw River also have a number of other projects in this area. The website is excellent for additional information.

Regarding Otjozondu in Namibia, something else that caught my eye recently were these comments when French company Eramet secured an option over the ground in mid-2008. To quote the press release at the time;

"Eramet, metal producers and product manufacturers, are listed on the Paris stock exchange.

Philippe Vecten, ERAMET?s delegate CEO and head of ERAMET?s Manganese division stated: ?this project is a great opportunity for ERAMET to develop its manganese business through a large scale manganese mine in Namibia. The Otjozondu Project could eventually be a major asset for ERAMET and will remain a top priority for us in the next 18 months.?

Dr. Hans Wilhelm Runz, Chairman of Otjozondu Mining (Pty) Ltd and Otjozondu Holdings (Pty) Ltd stated: ?this project expands the existing operations of Otjozondu Mining and has the potential to bring Namibia on the list of the few large international manganese producing countries and will contribute significantly to the Namibian economy?.

Mr Ian Falcon, Managing Director of Oreport, reinforced this view and said that Oreport is excited to be involved in developing this resource and looks forward to the opportunity to provide the logistical and other services to Otjozondu Mining beyond what was initially contemplated

The Otjozondu deposit is a rich manganese ore deposit located in the centre of Namibia, approximately 150 km North-East from Windhoek. Mining in this location took place intermittently since the 1930?s and eventually stopped in the late 1980?s. Several tens of millions of tons of ore resources are expected to be identified by the feasibility study". End of quote.

You can read the full release at;

http://www.grindrod.co.za/News_View.aspx?id=3

This helps to give an historical context as to why Otjo is so important and a company making deal for Shaw River.

Of Otjo, State One stockbroking said in their recent report about SRR;

"We believe that if Otjo was closer to port, it would be in the possession of a global manganese player, or mined out by now, underlining the quality of the asset". End quote.

I hope all of this is of some interest to you Franky17? All the best and stay in touch on the forum.