Expected Positive News Flow, page-106

They were doing feasibility on Simandou when the price of iron ore was booming and reached $180/t. It didn't get developed. That's the point. Someone tried to tell me I was an idiot for suggesting that the larger a deposit gets the large the barrier to investment. I'm not saying it won't be worth something I'm saying if its an economically mineralised pipe with the areal dimensions suggested by the survey the tonnages will be incomprehensible and so will be the capital required to develop the deposit.......and before some tries to tell me they will only be mining the clastic facies of the kimberlite, at Letseng they are mining all facies on both the satellite and main pipes.

All I tried to do was explain to Timmky that the mine models they use are very complicated and take in many variables and assumptions that change over time and I got shot down for making one little stray comment. These forums are truly tragic in many ways.

Eshmun