Ann: Aurora Tank Gold - Diamond Drilling has Commenced, page-44

@stag11 I agree with your view, we are moving too slowly to capitalise on the current commodity price boom. We run the risk of the market going down without MEU even firing a shot. I have recently sold 1 Million MEU shares to reduce my exposure to this scenario. I believe the uranium leases and resources are valuable to Boss but without a stand alone licence less valuable than they could be. The AT gold project is very exciting but no deeper drilling means we will not know for at least another year what happens at depth and if we have another 1 million ounce deposit like Challenger. How can we not have a JORC resource at AT after so many years?

Exploration go in cycles. Whilst money is very easy to raise you do this and spend on exploration to catch the commodity prices. Now is not the time to be hoarding cash. Go and raise $20 million and get on with it! Or JV for significant expenditure sums, anything to get things moving.

I have retained some exposure to MEU shares but I see better short to medium term prospects elsewhere, e.g. AZY, IMU.