"Talks with Rio, BHP and Fortescue are continuing."Now that is...

"Talks with Rio, BHP and Fortescue are continuing."

Now that is what the market likes to hear.

No doubt they can get the resource up over 1Bt it's just a question of how long it will take them with ongoing drilling at Bungaroo and they haven't even scratched the surface at Mesa J & Snake Valley. Throw in another hundred or so from the various targets at the central hub and 1Bt will be a doddle.

Surprised that $10 million may only last until June 2011 but I guess aggressive drilling across multiple targets comes at a price and it's worth it.