Hi Puzzler I agree it may not be a company maker however with...

Hi Puzzler

I agree it may not be a company maker however with Brett Keillor aboard and with his background I love it.

So what do we know?...well at the end of Dec Qtr we had 942K in the bank, lets say they burned thru 300k in the last Qtr just gone leaving 650k approx at the moment.
Now according to the option we have for 3mnths to acquire 70% we have to pay 30k upfront to get in... then spend another 1.5mill over the next 3yrs.
So if my maths is correct after paying the 30k to get in we have approx 600k give or take to start exploration and expenses.

My feeling is that rock sampling will take place to prove it up and a positive announcement made to drive the SP and then we will see a cap raising at a higher SP level to go onto drilling.

We only have 250mill shares on the register so a raising with another 100mill shares at say 4cents after positive results will give us more that enough to get into it.

It's all a gamble but better than the horses ye haaaa!!