its all a game, page-35

Hi Westcott

Totally agree and I believe this stock will be well and truly over this soon. Only 1 Month to go.

I am just getting frustrated with all this talk about $1.50.

If BHP were to find say 100MT High grade on their side, the NPV of a JV of 200MT would be in excess of $2B. Assuming a 10MT pa operation over 20 years.

Our 1 half share on railway alone would be $1B - $6.25 Fully diluted.


BHP could also see this as an opportunity to take out a neighbour and forever tie up this ground for good and still make money out of it. You always pay a premium for a neighbouring property. They will then be able to fully assess the true savings in any infrastructure. Having to deal with other parties always poses problems.

If Railway goes, the whole lot may as well go.

Railway guaranteed volume through blending. It would be silly to continue without this deposit IMO.

If the directors see this as an opportunity to do a once off deal for the whole kit and kabuddle, then why not have a shot.

But to say $1.50, C'mon, Give the directors some credit.

The directors have done a good job so far so why not trust them to get top dollar for our property.

I won't rant on any more.

Cheers