Ann: RP-FE-02 IOCG/SEDEX Target Definition, Frewena East, page-29

The geophysics is good (not all new though), and I enjoy reading it, but I thought the most interesting part of the announcement was the recommendation of 2 long drill holes notwithstanding pending further studies.

We already know this is a good target, it helps to have more information to guide drilling further but, speaking as a speculator, it's the drill that talks. ICG is thorough, to it's great credit, but I am very ready to see the drill move in and for the price to have a reason to break away from the band that the market has it trapped in. I'd be delighted if the company acts quickly on that recommendation as the consultants are clearly confident that those 2 holes are justified apart from further studies. (I fear paralysis by analysis).


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