Mining CEO of the year, page-36

Goofy,

I am not agreeing or disagreeing with your above comment. However, kindly tell why you think the share price would/might go up because of the Mt Weld resource upgrade. Australian accounting rules does not allow assets such as Mt Weld to be shown as other than cost, not current value. As the cost of Mt Weld and Duncan Deposit are carried in the last Annual Report at $52 Million +/- depreciation, regardless of how much RE are found, the value remains at $52Million+/-. More rare earths does not increase the value per Australian accounting rules.

I would be interested in you reasoning though as perhaps I have missed something of value.