Ann: EL Application 2477 - Lake Lavu, page-49

He Matt777. it is impossible to say. Prior to the crash we started getting some good hits and the SP went up to 42c. this was before the 20:1 consolidation. I actually bought 100k shares at 35c. it was all bought down shortly after by the crash but was speculated to hit $1 then. I would think we will break the 10c + on good assays this time around as there are not many shares out there to grab. once Peter starts testing other ground the price will go up regularly. The one problem we have at the moment is the long wait in between results which allows the SP to settle and slowly fall. Multiple sites all being tested at once allows for a stronger base level of support and less decline. The new ELA's will give this once drilling commences and Peter knows where to drill. if you read all the reports carefully (yes I know they are full on). If you are in it for the quick buck then you should jump ship at the peak of the assay run. I am in until 10/17 minimum or $2.50+ per share.

Cheers