IMO, it is a good report. The activities are clearly spelled out:
1) Drill database set up.
2) Historical drill results added to drill database.
3) Tenement applications in progress.
4) Looking out for prospective tenements.
5) Looking at adding one or more Mongolian projects.
6) partnership sought.
7) Totalhits receiving more patronage.
Clearly, very early days yet. Long-term holders should be rewarded. Short-term holders will be disappointed.