Ann: Doolgunna Project - Exploration Update, page-102

It's only one hole. But if you think they really are on to something and want to get a feel for how the SP might move around you only need to go and have a look at the chart for SIR and SFR (aka the usual suspects).

SFR went from about 5c in April 2009 to about 10c and stayed there for a bit while people tried to figure out what was going on. It was the TH a month later that rocketed the SP to 65c but was about ~75m of sulphides (a little bit more mineralisation than 14m TLM look to have uncovered) and a drilling program of 30 holes several which produced high grades of mineralisation.

It wasn't a smooth ride up to $5 and i think there will be plenty of opportunity for people to buy in depending on their risk appetite. I think the pull back yesterday represents the best buying opportunity and I'm thinking people will be on to that at market open. Might get an intiial sell off as traders try to shake out some sellers but I think that will be it and it will close up for the day.

You could go do the same analysis on SIR and end up with similar conclusions. I remember watching SIR getting sold off for $2.50 to under $1.50 before recovering. There were plenty of bumps before that.

I've formed the view that SFR/TLM are on to one of the elusive clusters at Monty but they have alot more work to do to prove it up. And I'm hoping that THX are on to something similar next door (yes: cross-promotion!).

My view on the release yesterday- they were going to wait for the assays but had to rush out a release; for what reason I don't think we will ever know.