Ann: Notice of Annual General Meeting/Proxy Form, page-4

Yes, it pays to have patience but multiples in share price can occur quite easily when drilling in this very prospective terrain. Bit surprised that we have not seen anything from "left field" as yet but I am very excited about that 2nd phase deep drill hole targeting the "pluton". 1000m appears prudent especially if it hits the desired result (will be very happy even if it gets close). I just shake my head at times & look at our neighbours who will be nearly be in a position to swallow up a resource of this nature. Their 50% share has a current market cap of well over $350m, bank balance is building very fast, they are operating below 1km & looking at another of their project which will require well over $200m to get going (even comparing the tailings projects). I keep looking at our meagre project economics of $60m or so, our existing good graded resource & the possible opportunities that are in the pipeline. Still not sure what is missing besides a good marketing campaign but the Severn or other drill results should hopefully create some initial momentum or excitement for us shareholders !