Ann: Resource Definition Geophysics To Commence, page-21

"Results to assist company consultants SRK (Australia) to estimate maiden resources for the Western Basin projects"

This feels like they've just thrown a hole in at PP and RdS just to see how they go, hit a nice deposit and now going back to CSAMT to identify where they should put the next holes in. I'd challenge anyone to demonstrate how they could produce a JORC compliant resource statement off one hole? Genuinely interested as it doesn't make logical sense. They'd have to do a minimum of one more hole at PP and RdS to even estimate width, 2 each to have some level of confidence of length x width. So another 4 holes minimum, 2-3 weeks each (assuming only one rig) likely costing $500k+ with a bit over $2m in the bank. Think this probably gives an indication of the drop today in share price rather than any "manipulation". Still don't understand why they haven't commented on the depth past 122m for the last hole? Are they just going to leave the results at that?

Pretty flat about participating in the SPP now with slowed up news flow and likely more drilling costs to come. Guess it's going in the bottom drawer now for the short term as we wait for JP or Daniel J to pull something out of left field.