Time to buy in, page-16

Well either way there are some good potential catalysts. There is real value to be had at Minyari with a potentially easy digging shallow and moderate grade oxide deposit to be defined and very easily mined by open pit means. Given the widths and grades and the apparent shallow dipping ore body the depth extensions at Minyari could also produce a reasonable size resource. Add some strike extension and you don't need the RIO JV to add significant value to this company's present market cap.

The RIO JV is a dream for the moment. Given the scale of that company the JV would need to find another Telfer before a discovery at Citadel would make any slight impact on RIO's operational revenues.

The guys selling at these levels are definitely leaving some money on the table for the new entrants. It's all a matter of timing and now seems like the perfect time with 10,000m of drilling in the pipe at Minyari.

Whether you like it or not an IP signature is not gold. Gold is gold and its habit in the ground is what creates the real value.

Eshmun