Magic Month of May, page-42

Malc54
Sorry mate but it will probably be a testing time for us all as it could still be two to three weeks away. As I have previously posted Ken advised me some of the steps they are going through in fairly broad terms i.e. very little detail and whilst he did not commit to any timetable it could be done in two weeks and it might take longer. I guess until all the presentations are completed and responses received no one know exactly what the reception will be. They are trying to target both countries and investment institutions that are more likely to be receptive to investments in alternative energy eg Norway, Sweden, Hong Kong, China, Singapore, London, NY etc

Yes it is frustrating waiting, waiting but we can probably look forward to another JORC compliant "Reserve" estimate within about +/- 10 days all going according to plan. There will be little if any change to the "Resource" estimate but the Reserve estimate is the most important at this stage and it also affects the pit location, the mine plan and infrastructure locations so it is much more than just tonnage.

I don't expect anymore news until probably Monday 19th for the reserve estimate so we may as well get used to it

Cheers W2