Ann: Quarterly Activities Report, page-50

When I spoke to Nic a few weeks ago he told me they had thought about coming out with a resource but decided not to.

Until they have discovered more high grade zones it is my view they should refrain from coming out with a resource. I am not just referring to drilling more of the breccia but other potential high grade zones.

If you look at the recent Addision research document one table shows ALK data shows a resource of 19mOz Eq but the grade is only about 0.25g/t Au and 0.12% Cu which is not very good. If they come out with these grades the marker reaction is sure to be quite negative high will not be a good way forward.

As I have previously commented they have undertaken what I consider limited drilling for high grade zones.

While I am position about ALK their actions on drilling for the high grade zones has been really disappointing to date

But I am encouraged by their current focus on drilling for high grade zones as noted in the quarterly. They just need to deliver the results.