Ann: Drilling Commences at Jarama, page-30

6.1M market cap, EV is 1.6.

* Company awaiting assay results from AC drilling at highly prospective Gold tenement at Jarama in WA (announcement possible at any time, drilling was expected to be finished in 2 to 3 weeks from May 3, samples would have been sent away weeks ago)

* Horse Rocks tenement grant expected 2Q per prospectus (within the next week is likely)

* Loyalty Options Issue record date for 1 option for every 2 shares held, planned from 3 months of listing date would be 7th July. Have to be on books before that date or miss out. Options 1 cent each with 25c exercise price and expire in 5 YEARS.

This next 2 weeks is a real pivot point of newsflow. IMO