Ann: Quarterly Activities Report , page-5

as usual the quarterly is just a waste of paper and besides an update on their cash position, which is fairly good it must be said, the information contained within is just filler..

i am sorry to say that i have given up on Paris...IVR have devalued the deposit with so many mishaps and spreading the drill too wide searching for the sheets that don't exist..

being unable to confirm the high-grade sheet theory 12months ago in the central zone should have been a good enough reason to tighten the drill spacing in said zone and define it.. now we have nothing whatsoever defined yet some of the best intersections of silver seen anywhere in the last two years!

we will be lucky to have a resource defined by December IMHO and that is a tragedy..

i do feel for JA and the team because they must be feeling it now and their confidence will be shaky.. that's why i would like to see them go back to basics.. prove up what is there first.. i would like to see 50m spaced drilling between line 6 to line 8 only and within 3-400m east to west..

and unfortunately even 50m spacing may not be close enough..

On the upside looking forward to soil sampling elsewhere in peterlumbo and scout drilling elswhere..

still a strong speculative buy IMHO but we will have to wait a long time for action now..