jorc, page-24

lets not forget...once this eventuates the sp will rocket...so I am happy to accumulate for a) krombit and b)torrens (note last line)

see below....

With regard to your other question as you are aware Straits are the operator of this Lake Torrens joint venture, to date they have been frustrated in the efforts to again access this tenement to continue their deep diamond drilling program on the highly prospective IOCG target.
The delay is due solely to the completion of negotiations with the various Native Title issues but they are working very hard indeed on this aspect, they remain keen to continue and confirm their willingness and ability to spend $7 million in order to gain a 70% interest, presently Argonaut owns 100% of this target and we expect to be able to announce some progress in this regard in the very near future according to Straits.

Regards

Graeme Ellis

Managing Director