AIC Mines Ltd IAUFF

Tujuh Bukit et al

[rockresearcher]

As noted, the Company was in Toronto all week at the PDAC where I met them. They're also visiting several large institutional investors who have now, for the first time, seen the prospectivity of TB. Australian analysts are talking it up but Canadian's haven't yet stepped up to write report yet. I understand the Company plans to turn up it's marketing efforts almost as sharply as its drilling efforts. Foure rigs at TB currently, including the first to be capable of penetrating more than 800 meteres, which is where their previous deep drilling has ended in mineralization. More drill holes over the coming months along with a new study on the oxide this spring (revising the 3.3 mm oz Au-equiv. and adding economics) and the first resource number on the sulphide late summer. Smallest independent (sell side analyst, so...) estimate for the INITIAL resource seems to be 400 million tonnes @ 0.5 g/t Au plus 0.5% Cu; highest is 1 billion tonnes. If the latter, this is larger than Batu Hijau, which is on Newmont's books at US$4 billion. Caution: They have not come close to defining the outer limits of this, either in the oxide cap (one km by 2 kms so far) or the sulphide (800 m by 600 m by 800 m deep.) (Est SG=2.5.)