I agree LB but I wouldn't write off the Maitland magnetite as of...

I agree LB but I wouldn't write off the Maitland magnetite as of no value. There's a lot of magnetite around I know but this deposit is very close to the Cape Preston port which will commence exporting CITIC's magnetite pellets in 2012.

They anticipate processing and exporting 80mtpa eventually and will need to acquire more magnetite deposits to get there.

So it's probably worth at least as much as the Koodaideri deposits.

Gary