rwd holding, page-22

Haven't heard anything. It was completed in December so my guess is they have already put the trial material through and are perhaps waiting on assay results. Just a guess though.

11.5c seems undervalued with $9.5m cash equiv and RWD on the up. Menzies drilling reported in the quarterly starting to look very good also plus they have a reasonable resource base of 260,000 ounces to support it. I think this year with the amount of drilling and the numbers being generated we'll see a resource upgrade and a feasibility study to come. If the latest drilling can added 40,000 ounces and take it to 300,000 then a 50,000 ounce pa operation over 6 years would be a good show.