Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

Yeah, not sure….on GeoVic there are numerous EL applications pending in the Taungurung RSA area that have application dates going back multiple years, including the blocks that S2 and Fosterville were awarded. So, the timing seems to be across the board and not just S2…. not saying that helps, only that at least it appears not to be anything specific.

Anyway, no off-hole conductors at Polar Bear is disappointing but at least now we know, I’m assuming that likely puts a line through this area for the foreseeable future. Some encouraging early results coming out of the Kinross and Rupert farm-in’s. Doesn't change anything as it currently stands, but With S2’s retained interest and the potential for something out of left-field (along strike from major deposits)…you never know.
Most importantly….strong cash balance…ready to go when the Fosterville ground eventually goes live.