movement, page-4

Resource upgrade or Capital Raising.

Which will come first?

Plenty of cash at end of quarter but as well as drilling they are continuing the scoping study and that could be soaking up extra cash. Last announcement on Feb 2 stated new resource estimate due in a few weeks. The end of the month looking likely.

Cant wait to see the diamond tail on this:

"RC59 assayed 738ppm oxide Mo for 84m from surface as well as 123m at 544ppm sulphide Mo including 906ppm Mo in the last 9m of the hole."

Seeing as they plan to keep drilling this out for the rest of the year and early company announcements indicated a 240MT+ resource potential the economics will keep getting better with depth.

The rising Australian dollar and the Molybdenum price being the only risk on this project in my opinion.