Ann: Corporate Presentation, page-13

I tend to agree that the copper price has little to do with the SP here for the time being. It will be years before they get a resource (if they even do) and time to be a producer, by then the Cu price could be double what it is now, who knows...

It's all about drill results now and making the best use of what cash they have left. They really need a win soon. This paragraph didn't fill me with confidence that they will find much at all this time round, although I am hopeful for you guys and the company that they do hit a good hole or 2.

The lessons learned from drilling in this unexplored area will beinvaluable moving forward with respect to drill targeting, identification ofstratigraphy and increased prospectivity for intersecting mineralisedtrap sites.