placement

Good to see they got this placement away very easily. I'm also happy to see that the purpose of the placement is for additional horizontal drilling opportunities in the USA. They are nice little deals and I think if we they could secure another 5 or so we would be well on our way back towards 50c. I calculate each successful US deal to be worth about 9c to the share price under the assumptions that each has similar reserve and flow characteristics to what we expect from Klick West.

Also good to see that Klick seems to be going along without a hic up. Touch wood!

For those that are about to cry out "but the dilution!" as they so often do on hot copper the rough maths show that you've lost about 0.0012 of a cent and have the opportunity now to make 50c.

Good luck everybody