Ann: Quarterly Activities Report , page-7

I don’t think it was a disappointment no, I think that the announcement gives us an update that the drilling is taking longer than expected and that more results will be coming out of the lab any day. If you look at the diagram of the drill holes which have had the assays returned (page 3 of the report). Doug's find has come back bad, but when you look at the size of it on the VTEM conductor it would appear the smallest. The same with the returned drill results on Golden King. They have only had results returned on a tiny patch of Golden King - it still has 2 much bigger VTEM conductors in the lab now.

I think the Wattagee and Eucla projects also look very promising. It looks like we should have enough money in the bank to explore those 2 projects as well as finish off Doolgunna before we need another cap raising.