Ann: March 2011 Quarterly Activity and Appendix 5, page-7

re: Ann: March 2011 Quarterly Activity and Ap... Once a company moves from pure blue sky to something thats measured and quantified.....its hard to keep focus on the potential.

I suppose the key point I am trying to get across is we have been sold a blue sky story that has been promoted and we all invested. Now is the time to see if the reality is anything like the sales pitch. I do recall the country manager telling people at a lunch in Melbourne he though tit was a "5 to 10M oz deposit"....I was there and heard it with my own ears. That was 2 years ago. He is yet to be proved wrong however the drilling quantum to date is not helping his argument.

I think the combination of Blue Sky and known numbers will bring it back up if they are good, but as I said before, the sales pitch over the last 2 years was strong and for only a small statement now with the "promise" of more to come will be a little empty for many investors.

I have been very disappointed in the "delivery" side with BSR, i still firmly believe in the geological potential there and to me this is the one statement I have been awaiting to see where I move from here.....lets see if Dr Dave is all he is made out to be...