Ann: Resource Update Timing, Lake Roe Gold Project, page-46

This is going to be a mine folks-a BIG mine if the trend continues.

From the D and D presentation-226,000m of drilling-and it's "growing quickly"(love those two words)-and this is the "start"(an even better word)!!!!-after 3 years of drilling!!

Drilling in the pit has been tightly spaced(confidence)...we have had some of the best hits in Aust. in the last two years on our land.

I can take the short term share price pain for the long term project gain.

Get it right at the start...no surprises down the track ..as has been the case for some companies recently.This is critically important..long term..

Come end of August we have an independently verified resource-BIG TICK=confidence.

Confidence for the financiers as well-tick,tick.

Even if the resource update is a t the low end come end of August-say 1.5 million -gee it's good to know that it is a really solid independently verified number-a great base. And that's just the "start'.....

Tom looking after the 'micro'-so the macro down the track is strong.Patience..