windermere drilling, page-5

G'day guys,

Just thought I'd add the note that was attached to the Scoping Study regarding Windermere.

Independent Geologist Les Davis stated in CSD Prospectus dated 20th November 2007:

At the Windermere Project, exploration for a large tonnage deposit can be justified. The
tin-bearing ironstones within the skarn crop out over 2.5km within which a sizeable body of
tin mineralisation could be found. The granite only crops out in the west, so the roof
pendant structure may be large and extend to great depth within the granite batholith.
(This is in contrast to Gillian and Pinnacles skarns, where the granite surrounds relatively
small roof pendants and the granite basement is less than 300m deep).
Fold thickening of the skarn and ironstone units may give rise to volumes of mineralisation
suitable for open pit mining.


I had to do a bit of research on Chaikin Money Flow after looking at erichmj's chart over on the charting thread, and it indicated some serious accumulation has been going on over the past week (Not that I needed a chart to tell me that).

With Windermere giving every indication it will be bigger than everything that we already have, I'm thinking that the current ride up is in anticipation of this. That and the small anomaly that we're still very undervalued compared to our peers.

On another note I'd love to be going to the AGM on Tuesday in Cairns but unfortunately work has gotten in the way.

Is anyone else going to go?