Ann: Annual Report to shareholders, page-61

Are you still holding Gold Pirate? I thought you sold. I'm in at 74 c so am down a lot at the moment.

Still think it is one of the better gold stocks around...475 m shares on issue vs that other gold stock with 1.27 billion shares on issue + a lot of options, low exercise price options and zero exercise price options. Non refractory gold vs refractory gold with the other explorer. Seems MGV's drill results are released just at the point when thinking the drill results have been lost somewhere. 200-230 drill results from regional drilling outstanding + results from 21,900 m Phase II drilling at Lake Austin North Evolution j/v testing targets identified in Phase I drilling due.