Ann: Pernatty IOCG Project - Drilling Update, page-25

Hi there fly19,

I recall that you have known GS for some time and that you rate him as a person and attest that he is an honourable man, in your view. I too have at least met the man and I also believe that he has earnestly developed the companies under discussion.

The delays in announcing the start of the drilling programs, due to a variety of reasons, largely out of GS’s or any one else’s control, have been frustrating, to say the least.

My prediction is that an announcement is more than likely in the days ahead, for what that is worth. I am sure, in part based upon the fact that few have sold as the share price has crept up, that we are not alone fly19. All the best, esp.