just spoke with the company

Just got off the phone to the managing director and could not be happier with the conversation we had. Il just add he was extreamly helpful and was happy to answer any questions i had within reason.

Firstly id like to say that we have one massive resource on our hands and the aim is to bring it up to 6 Billion tons at .03% , as stated we have 3.1 billiob tones at .03% and they are looking to increase that by 2-5 billion tons. The chiness are very interested and neumourous meetings have been held with them and they have all been positive. Like the MD mentioned the chiness produce about 50% of the worls steel and they need our resource to be able to do this. Being such a large resource the chiness basically want it!

The aim over the next 6-12 months is to increase that resource as big as possible while continuing discusions with the chiness on the potential jv/sale of the project. IMO abviously a sale would include royalties and would really set spm up for future self funded development.

The recent placement to sophisticated investors was a huge tick in the box for the company, and like the MD said to me their not here for a 10% profit they are hear for the long term. Big plus for the company to have such big names on the registry.

Another point we touched on was the pending assay resluts which should be realeased by the end of next week. He sounded very encouraged by what they had recived so far and are currently waiting on a few more assay resluts to interprite them and right up an annoucement to realease to the market. I get the felling that the gold/copper project could be more then just a side show for the company which will plan to further explore the potential once the current results are interpritated.

I have tried to be as accurate as possible with the write up above based on my recent conversation. I for one am very very please with what i have heard and will continue to buy on any weakness.

If i have missed anything out that i remember later on i will post it up.