Just watching those sky interviews again myself, I notice in the Dec 09 interview Nick talking about the Panama Hat gold play near Broken Hill, & mentions that it's a vein style gold play, & "could be a gamblers ruin or a real bonanza" "very high grade gold at surface" "over an extensive length of about 1.5kms" "but we have to find out if it extends to depth".
Drilling a number of holes along the strike, drilling planned for May.
Also they are expecting to establish a resource at Hawsons Iron Project and another resource at Euriowie Tin Project in 2010.
Nina May asks about the forward projections of the share price, Nick Sheard: "I would suggest that as soon as we establish these resources, we will have two substantial assets in the ground that will make us a very strong company and that will really grow us".
Nina May: "Nick what about your debt levels?"
Nick Sheard: "We don't have any, we're in a good position we've got money in the bank, we've been doing a lot of exploration but we're pretty tight with our management. There's only five of us in the company, we keep a low administration base and we're putting all of our money into the ground".
I don't know about anyone else, but that last statement by Nick is exactly what I want to hear as an investor in this company.
Plenty of announcements to come very soon I think :)
Boofy
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