Oh, its a great hit. But I think now is when we start focusing...

Oh, its a great hit. But I think now is when we start focusing not on individual hits - it is after all, one of hundreds of holes to be drilled - but on the scope and size and tenor of the whole thing. Then we can start lollygagging and arm-waving about possible mill sizes, capex, operating costs and come up with our usual run of guestimates on the dollars per share of earnings we'll make.

All cred to them for announcing it properly, but the market right now is munted and people want certainty and earnings and security. Not speccy hits which are abstract in their value.

Don't get me wrong - I wish I had $10K to buy back in. But I don't, so I can't. Doesn't mean I'm not looking at early 2009 and >15Mt of >3g/t Pt+Pd and Ni-Cu. I just really doubt this will get much of anything from anyone.

As for Xstrata, they've done their deal with NKP, so unless that falls through in a Tony Sage-esque calamity, they've probably done their buying for now.