Ann: Managing Director's Letter to Shareholders, page-4

Cottee says: "All of the cores are desorbing gas which is encouraging". That is as far as he can go consistent with he obligation to speak only with knowing accuracy. As has been announced, core tests take months for a laboratory to accurately assess. He cannot give a rate because he will not have one until the laboratory has accurately assessed the cores. Until that information is available we are obliged to continue speculating (or get out). I am not getting out because I am willing to continue speculating on the basis of a series of factors that the ASX information has revealed.