cost of drilling, page-9

The cash injection is from Mega I assume? I contacted the company and got a response from the company secretary Gary Gill, who said the following with regard to my question about drilling Roundabout and Spyall.

Our intention is still to drill test the Roundabout and Spyall targets as stated in the December quarterly report. Delays to receiving government and landowner approvals along with the need to conserve cash while focusing on our higher priority Eyre Peninsula projects (Paris Uno Morgans etc) have resulted in these programs being deferred.

As you can see no commitment as to when they might drill. I think the receipt of the monies owed by Mega will firm up that commitment very quickly.

I am still a big believer in the quality of this companies tenements, with every intention to hold for the next few years. I think we have quality major shareholders who intend to back the company with a long term view.

Cheers.