pre open, page-13

Just to clarify the drilling timetable marny.

20 klms of drilling at approx 200 mtrs per day equates to 100 days of drilling.
Allow 20% for breakdowns, delays, rest days and we have 3 months of solid drilling starting in April to take us up to end of June.
Whether it is all at Railway remains to be seen and the DD commenced this week will determine that, though I strongly feel that at least 80-90% of the drilling will be done on Railway.

In short we are looking at 5 months of continuous drilling with a steady stream of results being released.
We have somewhere between $7-8M in the kitty so cashflow no real issue which should not be understated in the current market we are entering.

Nothing worse in this current climate then to be a cash strapped juinor explorer looking for funds with only conceptual potential or at best rock chip samples.

We are sitting very pretty atm and this will be recognised soon enough when the market starts sorting the hay from the chaff and looking for value...and they will... The commodities run is not over by a long shot.

Actually all of the Crabb stable are in pretty good shape going forward with plenty of cash in the kitty.

The market will shake out the wannabes much like it did with U308 and focus more on the gonnabes...