Ann: Excellent High Grade Gold Results - Cobar Gold Project, NSW, page-28

Thanks for WangChung and ducksoup1 for the thoughtful commentary, I agree with the reduction in risk strategy and it will be interesting to see in the coming months who shows more than a passing interest in relation to the results. My understanding is that the most recent results are some of (if not the best) that the company have posted for some time. With further results due at the end of the month, I am sure like all other holders, I am waiting anxiously to see these build on the solid performance over the past 12 months and that tide of confidence to sweep through a few more broking houses that are in addition to Euroz.

As far as moving from explorer to producer, if the find is big enough, who knows what is in the mind of management? With the asset in the ground, the company could look at further capital raising, JV arrangements or other funding option arrangements to move the direction of the business. In the event of continuing good results, new people with the skills and experience of running these operations can be employed to make the transition for the business.

Personally, I have always loved the Helix model as it is less complicated to make the find, organise a JV partner to pay for the exploration and have them run anything that looks promising. Building the capacity and infrastructure to take on what could be a massive project, may be best left to a company who has this function as their core business.

Either way, nice to be talking of positives and dreaming of the 'what ifs'