top up rise project drill in april 2013, page-11

it's not k111, it's a long shot, expensive project

having been here for some time what ***** me off is the inconsistency

fine the lake lynn ni project is off because ni is too low, but you read about the
* the predictability of mineralisation down plunge,
* the low cost opex scenario [from an old lake lynn feasibility kicking around the web]
* and the previous commitments to conserve cash but follow the project thru thru etc etc

the leverage on the lake lynn project, from this mkt cap, to a rising ni price is fantastic

why the hell the decided to chase an expensive, long shot anom 700km west of alice springs in which the Brett is the vendor, but I doubt he'll actually chip in for the exploration, is beyond me.

I know team Ironbark all own stock but the inconsistency, the poor timing relative sp and cash balance and the vend scenario just leave a pretty sour taste

in the end, a long shoot for break even, and another group of directors to cross of the backable-team list