nine msn, page-3

Interesting the article refers to A$100m Wonorah Project...

In all fairness, we shouldn't have been expecting more than 1m tonnes in 2010, considering what has to be achieved at site and logistics at port. This can quickly be scaled up to 3-6m tonnes once the Wharves and/if the railway is built.

On current prices 1mt would generate a gross profit of >A$200m for 2010 - so not too shabby!

AD will not raise money at under $1 and once he can produce the final figures along with an update on the metallurgy, investors will be happy to pay up to secure significant stock parcels - its just too hard to accumulate a good parcel on market.

I agree though, would prefer to have read this in an ASX release - rather than on hotcopper! I wouldn't discount the North American investors though - BBY are only organising the financing...

I feel a BRR coming on, and look forward to the next few months