I'm sure when the new Dec qtr report is released we will have a...

I'm sure when the new Dec qtr report is released we will have a better idea of cash flow position and remaining cash on hand.

we still have 300,000 tonnes of ore to ship WISCO. we don't know who will be contracted to finish this or whether in fact Jon Anderson will get the job for us however we do have value.

Think on this. We have an iron resource not fully JORC'd vallenar worth theoretically $45 million US. How do i know. Well if we get our $18mill US for bal 40% Wyndam that will set a benchmark for company 100% is $45 mill US which is $61,643 AUS. then look at Bulman and Pyke hill say book cost 10-20mill$aus if we are lucky maybe less. say $80aus for all admiralty excluding any legals wins. mill tops plus what ever cash left.

shares on issue say 1.2 billion our individual SP value is 6.6 cents.


finally i agree with Linaker with no cash flow you have nothing.

JD cheers