Ann: Ballarat Gold Project - Mine Plan Update , page-17

it will cost them upto $4million to extend the decline to the main lode. I am pretty confident about the main lode, the small lodes on the way down were side shows that were supposed to pay for the rest of the decline, they havent. It is always going to be hit and miss with the small lodes in this mine so you need a bit of luck on your side, which so far has eluded them.

The call they have to make is how to raise the $4millionish . To be fair this should be by a rights issue, although for small investors even if it was by placement you probably will be able to buy in at or below the placement price in anycase

I was lucky here. I became uneasy after the quarterly and sold out at a 10% loss. I am accumulating now without a stoploss.I have my share of flesh wounds speculating on gold juniors so I know the feeling. I wouldnt bother accumulating if I didnt think there was big potential here.