Ann: First Deep Hole Confirms IR Gold System at M, page-7

re: Ann: First Deep Hole Confirms IR Gold Sys... Unsinkable,

I'm curious, how would you have reported this news in a way that would not "ramp it up!"?

Beany, It seems to me that although there clearly no bonanza grades found, the new isn't negative, and perhaps confirms Malmsbury as a potential long term large resource.

This de-risking may leave the door open for a JV proposal where we actually get to keep more than 10%, and perhaps some cash in the back pocket for our troubles.

This would further underpin GBM while we wait further exploration results.

hwill, I think the relevance of CDU's positive SAM history is very exciting for us.

Although the Malmsbury results have clearly not provided a massive SP spike under current market conditions, I remind myself of the current small market cap and lack of debt of GBM.

IMO, this means that a large SP spike is possible on receipt of good discovery grades or JV farmout news at any time.

This news could come from a variety of prospects as those familiar with GBZ will know.

I continue to hold.


John S.