Ann: Extended Scrub Paddock Intercept of 553m @ 0.10 g/t Au, page-6

No have not done Olly yet. They did soils (around the edge for some reason) that seemed like a waste of time for the type of target, especially the edges (not like they have told us the geo model has changed). Olly is either large and mid-grade in bulk to be feasible or it is not (in which case.... just more academic type BS).

Now planning on IP to see if there is a sulfide response before deciding to drill. This is a legitimate /pragmatic approach. But they need to get a very strong reponse to justify drilling and I am half expecting them to drill regardless of the quality of the IP as it seems to me this is all about process and not really focussing on maximum bang for buck.

Teams like this disassociate themselves from shareholders and ignore them as they consider themselves 'professionals'. But they really ought to have a think about their target types, and a cost-effective and rapid approach on targets that are likely to be economic in tough times than to just go through the motions.

You need an early win on a new IPO to show you can add value and then a management team can go down the path of a more esoteric approach and shareholders will cut them some slack. I thought these guys with this much experience would have known that.