results must be forthcoming, page-9

exactly the point - but for "bulk low grade". the results do not stack up. "bulk low grade", does not mean chasing around for bits and pieces of "snakes"

the disappointment would be, that the deep holes did not find much - and referring back to the prospectus, this is where the exploration potential was for large tonnages .

after the announcement, for the first hour, there were about 1m shares traded (which would involve no more than half a dozen buyers) - and eventually, the next day, somebody spent $2000 to buy a few shares at 1.5c... ie, the market is unimpressed.

anyway, more drilling is required - meaning more funding, meaning more share issues - which will probably mean an issue at half a cent.

paynes find is a long way from any treatment centre - so "bulk low grade" means a stand alone mill. from memory, the consulting geologist for the prospectus gave an exploration target for the upper reaches, and then went on to dismiss it, because it had already been mined