we may be out of pocket..., page-10

Hi Jules,

Yes you are quite correct 20% of Askot today is worth close to nothing, but 20% of a 5 million, 10 million, 30 million resource is certainly worth something, but the JORC is just going to confirm 1.5-1.8 million tonnes with much much more underground drilling and extension drilling to follow for many years to come.

LT view is where im coming from, but yes ST you are quite right

The 'Indian guy' you are referring to is Arvind Misra (I think), dare I say he wasn't talking about 2009 or 2010, LT view again...it takes many years (and alot of good forthune) to make a junior miner into a billion dollar company...it may never happen.

gotta admit the POTENTIAL is there in India...but at the moment it's just that, Potential.

Luck plays a big role.

Your views on the SP falling further - good point, I'll take it on board :)

HipHop