chart - looking firm, page-7

re: chart - looking firm for b2 its definately risky, but its looking ok. The phillipine government have changed their policy in respect of mining operations to a more friendly mandate. this should help little gems like LAF but its encouraging that the koreans are investing and they must know more about the phillipines than you and I. Also LSG have a good record for picking gems. good buying under 15 cents because your protected by current NPV.

Another gem which may rise one day is IRN. They picked it up of WMC for peanuts. My understanding is that it will cost 10 million aussie for their deposit which will be paid by cashflows from the project if and when they occur. These gems are cheap now. its ground floor stuff and if we are lucky, 10 times our money should happen in time of course.

skippa