my thoughts

Hi all

I believe this to be the important parts of the flurry of notices from the meetings today

Koongie

A potentially viable project. However requires
substantial capital on start up. Longer mine life
required

Exploration drilling located substantial alteration
zones indicative of mineralisation but no new
deposit.Koongie now very much put into the background, no longer the Company maker that we were promised.


Mandilla
?Company discovery.
?Indicated Resource 356,805 t @ 3.04g/t Au
for contained 34,873 oz.
?Potentially mineable. Upfront capital
requirements are high.

Feysville
?Prospective Kalgoorlie – St Ives Corridor.
?1435m RC drilling.
?Resource work and optimisation study
?Gold Exploration Target of 20,000 -26,000oz
?Potentially mineable. Upfront capital
requirements are high.
?Project under evaluation by third parties.

In 2000, Mr Stern established Metropolis Pty Ltd, a boutique corporate advisory firm that specializes
in M&A and capital raisings, with a particular emphasis on the resources sector.

LEONORA

Copper!! Zinc!!! In previous paragraphs Copper/Zinc prices are depressed which is why Koongie is a current non goer.

Resignations/New Directors

Well you could say its either the old being pushed out for new blood, or Rats leaving the sinking ship. Who wants to bet on which ends up being right?

Finally talk of sharing profits/seeking JV partners. Also talk of offloading Non core tenements to others. Hard to see what that will raise, unless of course, they already have plant and equipment within close proximity.I will take another look tonight and how much I missed

Regards, to all long term sufferers of AAAAARRRRRRGGGGGGGGHHHHHhh