Ann: Lady Grey Exploration Update, page-19

You are out again pumping misinformation. You previously claimed that they were onto a rock chip survey whereas they where doing a comprehensive blinded high caliber soil survey. Now you claim that hopefully $5m with the associated dilution is enough for their proposed drilling program. I'll give you a some idea of what it may cost. Aircore drilling for 193 lets say 200 holes @ $50.00 /m for the softer portion of drilling down to solid rock. lets assume 50m depth. $500,000.00. Basically this drilling is a soil survey at depth. The more expensive RC @$200.00 per m for say 100m depth holes is $1,000,000. This is the drilling which really needs to be targeted. So where did you come up with your bogus $5,000,000.00? You are constantly dribbling in false news. They have the option of walking away also. and not getting anywhere near your bogus figures.

I think most here would be delighted if the exploration budget did reach $5m down the road. It would indicate that this first round of drilling was a success and worthy of follow up drilling and another round of follow up drilling. After each success the SP would re rate etc. Raising more money down the road would not be such a pain with a higher sp.. You also assume no income from TOK or LNR options.