iron ore 300mt target, page-2

MWE

Iron Ore> drilling to start (expect monday am ann!) on Woolshed, Midwest WA, close by GBG/ MGX. Target 300mt iorn ore. Samples 60% Fe.
>MWE 40% (free carried to,,,,)

Copper> Democratic Republic of Congo [ Democracy since '02 (/), mining code rewritten in '03 based on Australin model, big mine houses investing eg Freeport M, Dodge Phelps and chinese signed contract 2 weeks ago for $5B of infrastructure construction for % 2 copper projects, higest grade copper provence in the world, royalty 4% and tax(?) rate good terms,,,,,
> MWE's kapulo (60% interest) has very high grades to date , 2 drill rigs working continuosly and a JORC by mid '08 on this project. The highlight being that its a JV with Anvil a first mover producer/refiner in DRC which enables MWE into a fast track production time table. MWE's Directors/Geos originate from the Anvil camp.

Generally, IO and copper prices are in the ascendency.

Expect more copper results soon and ongoing as plan another 20 in lead up to mid '08 JORC. And expect IO drill commence on 300mt Midwest project anytime.

Mcap $18m

Chart has a good formation,,, recent volume spike of 5m was due to a very high copper grade result,,,,.