now what, page-10

for nous TAW have an alluvial project which has stemmed from the Falcon data that BHP collected in a 20 km radius around Finsch. It is the first target they explored and have been testing. They have not been able to drill any of the other targets as yet b/c they have not had exploration permits. now they can. These are massive anomolies which may or may not be kimberlites. One is the size of Finsch at surface. If you believe in the fact that this area of the world contains some big kimberlites, which it does, and have faith in the FALCON technology and BHPB's judgement then it seems like a good chance at least one will be a kimberlite.

As I mentioned they have a kimberlite project at Kareevlei that has been drilled with a 10.5 inch percussion drill and from this recovered a significant sample of diamonds, which were of very good quality. They have taken the Baur rig in there and taken out a large sample that is waiting to be tested, they are constructing a plant on site to test this. This cluster of kimberlites in 10 hectares at surface, not including the Perdevlei kimberlites.

I agree the pain of the share price decline has been hard to bare but it still seems like a pretty exciting company at these levels.