a lot to remember, page-26

Perivale and Steve,

The GFs anomoly has been drill tested. Three holes have been completed (one from CQT and two from GFs) and the results showed mainly pyrite (iron). Therefore, CQT have stopped drilling the target and GFs have directed their efforts NE of Silver Hills. It was, as the name suggests, just an anolomy and nothing else.

As far as I know, the commencement date of the JV is still unclear. This is largely due to GFs lack of communication. This is also the case for the $5Mill spend. I wonder if the company could release the details of the JV...or dont they know themselves.

Steve-
"Anyone know whether there is an implication that the $5mil must be spent reasonably, or can GF spend it on whatever they want..."

YOU HIT THE NAIL ON THE HEAD, I DONT THINK ANYONE KNOWS...BUT I COULD BE WRONG. This is what I eluded to in a previous post about Azure and CQT.