quarterlys, page-11

denver - how did you get to that conclussion that we are close to a farm out agreement? i would be more than happy for one, but i just didnt get that impression.

If anything stating that a mining study and fin details are being prepared for a mining lease sounds like we are polishing up the deposit to be sold off because we havnt had any suitors yet. Narrawa first had an inferred resource back in '09 so to me its a bit of a 'stale' project even with gold prices hitting all time highs last year. So to see any increase in the level of interest surronding it would involve the numbers increasing substationally (adding stormount will help). This will lead to at least a few more months of work on FNTs behalf.

And if we are all wanting to sell it off or farm it out etc think of why someone would want to buy it? Tasmania certainly isnt a hot spot, so the fin model will have to come back with a pretty good NPV and ROI.

To me that sort of stuff does not happen overnight, so i certainly would not be banking on that happening before we do another CR. Of course I am more than happy to be proved wrong.

breeno - i noticed that as well and I think there is more emphasis being put on the JV now. Which obviously makes sense since they are now actually drilling after lengthy delays.

On a side note, we are currently at SP levels only slightly higher than when the JV with OTML was first announced. To me, that means Andewa is now the bonus project rather than the JV.