Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-45

Hey guys,

The recent posts over the last couple weeks have been very informative, helping me learn the ins and outs of what's going on throughout the drilling process, and I was initially very excited about the recent announcement. It seemed to remove any risk of the hole being abandoned, and as mentioned by a few it also showed they have a lot of cash on hand, which seemed awesome!

However, there doesn't seem like there has been much action in the share price. This worries me a little, as I feel like I am missing some information which comes with more risk and delays, however I don't know what this is.

This could be a market under reaction, the news may seem better to me than others, or the news may have been announced poorly.

Just asking, what are the next stages of moving forward, what type of risk can that involve, and any opinion of the lack of movement in price.

I guess in my head, now it seemed like a matter of not if, but when. And the when seems to be just around the corner.

I would love any response, as I am still learning and any extra information you guys might be able to provide me to help learn would be fantastic!!!

Cheers all,

CS