resource upgrades any ideas, page-8

MMX and MIS are in small scale production. It doesn't really count for much IMO. But the market likes these stocks that are in production. Look at MGX - its MC is over 2.5 billion with 3 pathetic resources that will not last longer than 7 years.

MMX and MIS company maker projects are WAY off production. They are no were near as advanced as GBG's Karara. IMO the stand out of the croud is GBG. Once we have commence production of Mungada mid next year this stock will be a new league. Complete rerating to come $4.50-$5 is a possibility. Karara production will send it through the roof, and I hope based on extreme production increases and bullish iron ore that our PE is significant. I'm hoping on Ansteel wanting to expand there demand from Karara. Oakjee will play an essential role in this, and will yet again rerate GBG on production potenital.

Exciting times over the next year.