new project, page-6

thanks BFsgirl - I was told we would had a project update very soon as they were finalising things with Starvale, incl. tonnage details, etc...

They are looking at several projects, obviously they are making sure that they choose the most viable one and possibily the most developed.

So we have heard anything from;

1. Coal
2. Oil
3. Gas
4. Or maybe Coal Seam Gas....

Happy to wait, if it's any of the above...

On a technical basis, support is at 2c.

Again, why would one sell at these levels, when the downside risk might be 10%, as opposed to the upside potential of say 100-200%, upon announcement.