Ann: Exploration Update Presentation, page-11

Giffy, to help you out the reason why this company is struggling in terms of share price is due to the fact that the company has consistently over promised and under delivered. Too many times we have been told that drill results have been encouraging and this will be all proven once we receive assay results. Assay results are promised in a number of weeks and then that is the last we hear of this. You can only disappoint the market so many times before investors lose confidence.

On the current results they appear impressive, to regain the confidence of long term holders and to allow for a substantial and sustainable increase in SP they now need to back these results up with a consistent news flow. If we believe the spruiking this should happen, however having been a long term holder of the stock I will await outcomes before I get too excited by this latest round of results.

I hope to be wrong....