79 RC HOLES and 4,000 SOIL/ROCK ASSAYS PENDING, page-29

With LSA at the moment I think there are several factors to keep in mind:

1. This story is old as far as the market is concerned. Most have run out of patience. If you believe in the quality of the ground - then an investor has their own decision to make. Traders have already gone - but will be back on RESULTS.

2. Results from 79 RC HOLES and 4,000 SOIL/ROCK ASSAYS are still pending. There aren't too many shares in my portfolio with that amount of assays over quality ground pending.

3. Market cap is $22M. If you believe in the potential of the ground then this is the key number - not the share price.

4. Overhang from Steinepreis crew. At what point do they stop selling under 6c?....probably can only be determined when RESULTS come that indicate a bigger prize.

So - I am happy to sit and wait. The current price range is tempting...trying to work out if it will fall further before the RESULTS or whether we have reached a support level. Would be very happy to hear from some charting focused shareholders.....

Best of luck