where to from here?, page-7

Ashton,

I think that GR did a good job in answering your questions.

Once the exploration licences are approved it is full steam ahead. I spoke to the company specifically about the licences and they said that they had passed the important advertising section were I take it that groups can object. They are now waiting for the final approval in approx 2 weeks and did not percieve any problems. Once it is approved they will get straight onto establishing were to drill etc. This will surely put a rocket under the SP.

In regards to the resource the company rep said that 50mt is conservative based on the tenament area being so much larger than GEMCO and due to the nature of the basin. This needs to obviously be proven but it make sense and there are geologist reports from years ago that state that the Mn extends into the shallow basin. Barrie Bolton, our pricipal geological adviser has written on the subject in the past. As the company rep said 'we like to think that the GEMCO resource is an extension of GOT's resource' and not the other way round.

There may be some enviromental issues that have been mentioned but with adquate planning and assessment IMO these can be overcome. GOT have such a large area that they are not going to effect the whole of the Groote coastline at any one time. As with many projects enviromental issues are important and should be. I dont think anyone wants the enviroment wrecked to mine Mn.

Novac is on the money IMO, Chris Catlow wants to be involved in the company, and he likes what he sees so much that he is happy to buy 1.25mil shares at 80c. What we have to understand is that people like this must be in demand and obviously would not want to waste there time on a fly by night operation with little prospects. This speaks volumes to me on where this project is headed. Also lets not forget one Barrie Bolton.

GOT is not going to move up in straight line but IMO, short of GFC2, once the licenses are approved we are unlikely to see the SP at a $1 again.

Im in this for the long term and I hope that they dont sell out to GEMCO etc because IMO there will be more value for share holders seeing this become a mine rather than selling out before.

I am definately positive about this project and that reflects in my posts but if you break it all down there is just so much to like about GOT and I feel that it is only going to get better. GOT certainly presents as a unique opportunity IMO.

Constructive posts in the negative or positive should be apprecited equally but destructive down ramping is should not.

PS it wont be $2.50 in two years Im betting more like that by a factor of 4-5.

Cheers

Retrac