Ann: First La Mascotte Mineral Resource, page-4

The only issue now is a CR and at what price.
The last quarterly showed 2.41 quarters of funding left.
There are only 3 weeks left in this quarter and the unlisted options will certainly expire, well out of the money.
The $5 per ounce discovery cost is one of the lowest i have ever seen, helped no doubt by the inclusion of the historical data. I like the higher off-cut grades at 0.6 and 1.0 as they represent more realistic values given the increased costs of drilling and this quote:
The resource is amenable to higher cut-offs, offering significant ounces at higher grades. For example, a
1.0 g/t cut-off defines over 83,000 oz at 1.9 g/t Au. Similarly, a 1.5 g/t cut-off defines over 55,000 oz at
2.7 g/t Au.
and:
Additionally, material type categorisation shows limited oxide material at La Mascotte.
985Oz per vertical metre -
The resource is only in the inferred category but still remains open.
I had hoped for a more constant news flow over the past year from this one and certainly it's been quiet since before Christmas.
Now we wait ... drilling costs money and more work needs to be done.