Drilling to start on their gold project sometime in February...

Drilling to start on their gold project sometime in February with a Talga soil sampling programme kicking off around now.

Can see the sp trading around $0.17-$0.22 for at least another month or so and then it will be dependent on results.

It's a bit of a bottom drawer stock for a few months. The key really is that with a fully diluted mkt. cap. of ~$4m if they get half decent (or just encouraging) drill results they could easily double in value.

With the tenements that they have (particularly the promising initial sample results from the Callawa project, although this is all we have to go on at present) experience of the management team you would think that the odds for a decent sp performance in 2007 are in their favour.

In the meantime there are plenty of other stocks to follow up on.

Cheers
SBC