yeh, it’s possible, but a very long shot atm.they’ve only got a...

yeh, it’s possible, but a very long shot atm.

they’ve only got a couple of mt of low grade. That won’t last long, but you’re right, it will add a bit to mine life. Better would be some serious step out drilling. They told us it was open at both ends (hi grade stuff). That’s where I’d be drilling the s##t out if it. More high grade tons would certainly add $$$ to mkt cap.

the big long shot that I was always hoping for was a deal to get into the 5billion t low grade surrounding us. Same owners as our 50%+ shareholder, so a maybe. Then we’re talking billions, BUT, that would need a rail line. They’re VERY expensive.

they need to do something before the next big fall in IO price. Their very long haul to port and 200km longer to nearest BSM’s makes for high costs. Selling at mine gate to BSM’s would have to be at some discount to offset their transport costs.

cheers,

ned.

ned.