grades, page-31

bozcat,

I'm the dude crapping on about grade.

Grade is everything. 1.7 g/t is bairly fit to use as road base.

You seem to think that you can toll treat this material at someone elses plant.

Give us the location and the basic numbers and assumptions and we'll take it from there.

You may be correct, if the numbers are there to support it but from what you said and the way you said it, I suspect you don't have a strong understanding of this subject.

Heaps of drilling? Yes mostly infill drilling to move the inferred resource accross to indicated etc. That will increase the economic confidence of what they have but wont gain ounces.

This company needs a quantum grade improvement or an absolute major increase in the size of the current resource
so it can become a large scale low grade operation. However there is no indication that is likely to happen.

Needs to pull a big fat rabbit out of hat to be worth more than 20 cents a share.

I agree with your gold price but $US1,500 will not occur until 2009/10 I reckon. The $US is history and going to go way lower than where it is now.

Even old Kal will sing then. Every gold share will.

At leasest they have quite a few ounces, A Contingent resource is what it should be referred to as. Its there, but not yet economic to mine