Toledo - Cashflow from the world's 3rd largest Nickel Resource

I understand contactors are studying the details and tendering for direct ship processes at the moment. They include Leightons.

Also a sample is ready at the pier for shipping awaiting the results of recent sampling to confirm previous studies. These results may be received back next week. The sample is for a smelter test. (I presume the same smelter as before but I don't know).

Other stuff is on track for Feb/March.

Have a peaceful Christmas.....

Looking good for a prosperous New Year.

Talk to you in 2006.