Ann: East Pogo Drilling Update - 64North Project, page-14

The thing is they took the correct path for an exploration company with extremely limited funds:

- gather the data- identify the priority targets
- do some cheap, prospective drilling to confirm the gold is there)- confirm the gold is ACTUALLY there (and herein lies our issue, there is not enough to justify deploying a rig immediately)
- drill deeper and a lot more holes over a much smaller area to prove the first home wasn't a fluke

the difference in price for the different types of drilling that can be done is hundreds of thousands vs tens of millions.

If the was gold there, they would have a rig on it with the month, and also preparing for a raise above $0.10.

if there is no copper, expect well under $0.02c

if the copper is there, expect that to become the focus for the next 2 years at least.

my opinion only.