Ann: Second Drilling Programme Commences at Elsie, page-6

re: Ann: Second Drilling Programme Commences ... I would say that the shares should pop back up to the mid 2 cents mark with positive news, if not higher. We spent a lot of time around that region before the market dive. Resistance seems to be around 2.1 / 2.2 cents. The 200 day moving average is at 2 cents.

SSC would have to be worth $60 to $70 million on Peelwood alone. That's a share price of 4 cents. So, plenty of upside should the others also go ahead...... Not to mention the acquisitions in the pipeline.

It's pretty hard to determine how much of the previous share price performance was based on SSC's projects or Togo speculation, or based on manipulation. I'd say a bit of all three.

We now have Bogdan, so theoretically SSC should be valued higher than it was pre market dive, and pre Bogdan (all other things being equal).

As far as timelines go, the following is taken from an earlier post.

Monty
Feasibility study is ongoing
Sept/Oct - Metallurgy Drilling
Oct to Dec 2011 - Analysis of Monty Metallurgy Drilling
Post Dec 2011 - Processing Plant design
Post Dec 2011 - Mine Planning and Pit Design Etc.
2H 2012 - Plant Construction Commences
Mid 2013 - Production

Bogdan
Oct - Local contractors are managing permits and other matters in order to begin the first exploration programme.
Nov - Jan 2012 - 2500mtr drill campaign

Elsienora
commencing "shortly" - Deep drilling campaign (duration 2 months)
Late 2011/early 2012 - Results of analysis

Peelwood
Environmental Impact Study completed by Dec 2011.

+ Acquisitions which could happen any time....


All info lifted from the qrtly..