massive phosphate - poised for a re-rating , page-59

Hi HR

The shenanegans thats been going on for the last 3 months stinks, especially when its coming from the group that was paid to raise capital. The situation with this group who has a relatioship with our closest neighbour is on the nose.

Apart from the stench that we are living with the good news is that the phosphate footprint is growing rapidly with every set of resuls, i bought into Nupower only guessing that the phosphate that ended on RUMs/NUPs lease boundary should/would continue east which it has done so far, not only continued but its looking like that we could have more high grade than RUM, the amount of +30% and +27% hits over wide spaced holes is impressive.

We know that Limestone Bore has phosphate 30km away and its possible that this zone of phosphate is continuous. If you look at the drilling map NUP drilled 30km of strike east/west and then about another 10km of strike in a NorthWest/SoutEast direction for a total of around 40km of strike and this dosnt include the strike that clearly open to the south of Arganara which needs to drilled out.

While RUM is recently spruiking a 250m tonne resource, the area Nupower has drilled is about 6 X larger, it would be funny if phosphate is continuous from Arganara to Limestone Bore. It would be the biggest discovery since Minemakers Wonarah. While the area wont be in a JORC status the outline will certainly be enough for the market to finally open its eyes and rerate Nupower, the major seller will be vapourised in no time flat which will be great to watch.