Long post - bear with me .. Am I correct in this ? - Allan Blood...

Long post - bear with me ..

Am I correct in this ? - Allan Blood was the private owner of Queensland Uranium Pty Ltd and that the purchase price from MKY and Allan's appt to the Board of MKY included a Performance Hurdle Package of 100 million MKY/QUP shares to be held in escrow until the tenements owned by QUP had proved their worth.

Given the above - it's logical to assume that Allan knows what needs to happen in order for him to get those shares and he knows beyond doubt what he has. We all know Allan's past experience and current Directorships - his hisory is proven. He is no "bunny"

Given also that the original tenement owners (who sold to Allan )only get paid the $1m in cash or shares if the tenements are proven to be commercially viable - then they also knew what they had and were prepared to risk the money based on that confidence.

I assume the geologist is still Dr Joseph Drake-Brockman who only works for QUP and one other (WMT if my research is correct - which company by the way consider his experience and ability to be "rare and important " according to an explanation of the award of options to him) and who appears to know EXACTLY what he is doing. (RNA news item 16th April 2007)

Sooooo, my point is that given that everyone involved seems to have a high level of confidence and experience with these particular tenements we can safely assume the punt is a good one :) Bring on the assay results !! :)