Ann: Quarterly Activities and Cashflow Reports , page-26

re: Ann: Quarterly Activities and Cashflow Re... I understand the frustration as much if not more than most. Leroy, would you hand over $3 mil as an unsecured loan to a managing director you didn't trust? If you did you'd have to have rocks in your head. Kevin Maloney believes in the resource and the Cloncurry region and is placing his bets accordingly. He wants drill bits spinning and results from the ground. If this drill season is a good one, all this clamouring for management change is nothing but hot air. As the shareprice rises this din will die down as it did on the last run to .18 cents. No one will give a toss about butmall or how much the receptionist and cleaner are getting paid.

Everyone take a few more deep breaths and breathe in the diesel fumes and gold/copper dust, and listen to the din of the drill bit biting into the good stuff.

Here's to bonanza grades and a bright future.