Ann: Drilling Indicates IOCG Potential, page-38

I can see there are a number of frustrated holders and posters disappointed we didn't hit the Mother Lode on the first holes. I only urge patience as this is the key to success in finding IOCG deposits. The geophysics work is the key to unlocking the deposit. We've done some gravity surveys, identified the dense and magnetic iron stones in two anomalies and the drilling will help the team map and better understand the structures and the alteration pattern of the haematite. Every pattern is different. This work helps inform the subsequent induced polarisation work that is needed to find the sulphides. We were never really going to find sulphides on the first hole without first understanding the structure and doing the IP work. No shortcuts. The team is being methodical and careful and it's important to always keep in mind that most work is done when the drill bit aren't spinning. I believe the share price will likely continue to drift lower on small volumes and holders lose patience and look to go elsewhere and this may be an opportunity to average lower if you are comfortable with the risk. I probably will take this step but this isn't intended to be financial advice. GLTAH.