some medium term prediictions

JK pulls off the Mt Carbine purchase and it turns out that he knows allot more Mt Carbine than hes letting on

you just have to look at the pedigree of the miners than ran the mine in 80's these guys were professionals and they won an Australian Export Award for it in 1980 so claims that they dont have allot of data about the mine is unlikely

claims that in the old days they used to just mine without drilling etc a are nonsense

using the old data and new drilling they will a conceptual model of resource with a plan for more drilling to bring it to JORC compliance (they have already told us they are going to do this and have already raised the capital to do it)

Neb Z the new director(the employee of the year from Newmont)has been bought to the team as a resource estimate specialist

at the same time or shortly following the ann they will issue to Asian investors to raise money for the mine establishment and probably bring an Asian director on board

a pilot gold mine will be established in Nth Queensland using the GEOCOAT leeching technology, we have been told that they are applying for licenses and looking at feasibility we should expect this to move quickly to the next stage

and very substantive drilling program will be announced for Burraga and this will part of what the Chinese and Malaysians are funding

this time next year we will be talking about Burraga like we do Mt Carbine today, those who simply looked at the grades from the current drilling and pronounced them lousy arent looking at the bigger picture

these are early results from a larger campaign on Burraga, anyone that was expecting them to find feasiable copper grades on the first drilling are naive

to reward current shareholders there will be some kind of issue at the same price as the sophisticated investors

by end of January current shareholders will be buying well below market price