Thoughts on PIO, page-3

Then we have microcline. Mr Crook gives a price of $50 to $100 a tonne. My search of the internet gives a price of $100 to $300 a tonne. I suspect that Mr. Crook's price is at mine gate and my internet price is at place of consumption in Europe, Asia or USA. The cost of crushing and transport to Asia would be about $50 a tonne assuming lots of 20,000 to 30,000 tonnes. This give an internet price of $50 to $250 a tonne at mine gate. It looks to me that we have of the order of 200,000 tonnes of microcline and I would assume a price of $100 a tonne. That gives $20M. Then there is the lepidolite. Someone is interested in getting their hands on this if they are paying for the drilling, and the grades are spectacular. There is also a good quantity of silica. The price here can vary from $50 to $5,000 a tonne depending on purity. Given that we are in a highly differtiated pegmatite, we have a fair chance to be in the upper range. We have no information from PIO to go on. And Mr. Crook says that cobalt at Blair dome is the company maker