Ann: Drilling Commences at Mt Isa Copper, Gold, Cobalt Project, page-29

I would normally agree with you that normally SP would creep up as we begin to expect results. I would say still 2 months away, so wouldn't happen just yet. However, LRV is a bit different. Unfortunately, we know that if the results are bad they won't be released on time.

So while there may be a slight increase in SP, I can also see the SP dropping off if there is a whiff of delays.

Have been pleasantly surprised at how we've begun drilling on both of our locations on schedule. However, the result hiding needs to stop.

Results still pending:
- PGE/Ni (4 months)
- REE (follow up testing 6 weeks since announcement)
- NZ Gold (5 months for 7 holes..........)

Results received
- Initial REE (4 weeks, SP shot up) Good result
- REE "ionic clay" testing (11 weeks) Not the desired result
- Isa first campaign (18 weeks) Dusters.

The good thing, is at least if we hit something we will know as fast as possible but again, any delays I would say people will sell off.
This most likely will be the last drilling campaigns before we run out of money. (going off 1 month drills and 2 months results from my estimated result delivery time of Oct). So a CR will be taking place in the next 4 months.

From a RvR its still worth a punt at these prices. Personally I would see either a 300% return on investment (1 of the 2 hitting something decent_ vs (-33%) I believe we would raise at 10c if we fail to hit anything.