tastarga, page-11

re: marchelo/mack et al JT

Ex price 20c, expiry March.

i will post a more thorough comment tonight, off to work now.

Briefly, I was disappointed in the BFS... was expecting much more...however, the NPV is still well above market cap.

The CAPEX figure is surprisingly high, however, they have taken the same approach as HERald using a consrevativefigure...i expect the actual CAPEX to significantly decrease.

Will post more tonight.

Cheers

cdchi1