drilling update, page-7

Kings was being covered by BBY and someone else (sorry forgotten)last year, but there's been no update for a while and their valuations were only on San Anton really. Little, if no, value attached to Mt Isa.

It's also important to remember that Kalman is just one of several targets in their Mt Isa tenaments. They have some very prospective ground and several follow up targets from the recent gravity survey.

Kings is about fairly valued, just on San Anton, for a gold developer right now. Their MC to resource comparison comes in at about $56.

So, NIL value attached to Mt Isa, which is, quite frankly, CRAZY!

Market will wake up when the JORC comes in. I'm tipping around 175Mt at XX grades of Cu/Mo/Re/Au/U3O8, for about 2.5% Cu equiv.


As a reminder of some early drilling at Kalman, how about these beauties from the 'final'drilling results on 6 Sep 06:

**Drillhole K19 intersected:
- 329 metres @ 0.46% Cu, 0.23%MoS2, 0.22g/t Au, (0.31% MoS2Eq or 2.51% CuEq) from 329m
including 48 metres @ 0.23% Cu, 1.04% MoS2, 0.16g/t Au, 0.03%U3O8 (1.13% MoS2 or 9.02% CuEq) from 294m

**Drillhole K20 intersected 339 metres @ 0.54% Cu, 0.11% MoS2, 0.29g/t Au, 0.02% U3O8 (0.22% MoS2Eq or 1.79% CuEq)
including 73 metres @ 0.22% Cu, 0.43% MoS2, 0.27g/t Au, 0.09% U3O8 (0.62% MoS2Eq or 4.96% CuEq)

Note:
329m @ 2.5% Cu equiv
48m @ 9.02% Cu
339m @ 1.79% Cu
73m @ 4.96% Cu

These are just a few of the incredible assays they have come up with, and it is not factored into the SP at all!!