pfs, page-4

Announcement was good. Remember, Wowo Gap Project has a preferred value of AUD$168M which equates to an SP of around 10.7c.

Also the previous cut off grade was actually 0.5% Ni and they only recently increased this to 0.8% Ni to better define the quantity of higher grade ore available as potential plant feed and their latest results exceed this.

Didn't think I'd be able to pick up any more RMI at 0.005 but a couple of impatient holders on Friday and bingo, quota filled.

Its a very cheap stock at these levels so expect big swings up or down. I'm happy with the upside potential so just keep them in the bottom drawer.