all of a sudden, page-24

The only question I have following yesterday's ANN is why such a small amount of metres drilled?

We started on 13th November and stopped on 4th December so in 21 days we only managed 1 1/3 holes or about 200m.

I would have expected a higher drill rate than 10m per day. 50m - 100m per day is normal imo.

In the ANN the geology was described as "challenging" but even then 10m per day is not a lot.

I have also taken the time to check old MML ANNs as they are further along the same strike and MML do not seem to have hit the same "challenging" drill situation.

I would be interested if any Geos reading this could offer their interpretation of this aspect of the ANN.

Having said that with 5 very attractive targets all of which are demonstrating excellent surface and trenching grades plus 2 out of 2 on the first drills at Tagpura North and the $1 for 30 days target at which MNE has to pay for Comval I am even more positive since the latest ANN than I was before and let's face it, I was pretty positive before as well.

To my mind MNE has been substantially de-risked to the point where it is now a case of how much gold / copper is there in our tennements? As opposed to is there any gold / copper?

I am very suprised at the market reaction and would suspect that it was well oversold yesterday, in which case we should see a useful bounce back during today's session.

Anyway my plan is to hold until the current drill program is complete later this quarter, I shall enjoy reading the steady flow of ANNs expected during this time.

EB