catalyst, page-7

Hi Cham,

I agree it's not the sexiest material out there but the world needs mountains of it. I hold this stock at an average price of 2.4c. In my opinion the reason the share price has not lifted after the positive announcement is the future requirement of a capitol raising. Haven't got the time to investigate cash flow now but around $2M in the bank at the moment should last this year.

Best short term play is for one of the big miners in the area to takeover the exploration zone for a big bucket of cash. As with most of these juniors along with the directors writing themselves millions of options a takeover is the go.

The LT