Ann: Extensive Drilling Campaign Commences at Rov, page-6

re: Ann: Extensive Drilling Campaign Commence... The deposit they are proving up compares very well with all the gold dug up by all the other companies in the Tennant Creek area. The area they have leases on has been tied up since the early 70's by the Aboriginal land right's issues and as such has not been explored. They have many targets as well as the one they have found. The possibility of another Juno is high. I don't think you have gone onto the WGR's web site and read what is there. The shares you mentioned may be good but the opportunities for WGR are very high. Don't knock this one, the possibilities of multiple small finds in this area are good. Yes, Anglo may get a good share of what is there. Remember if they come in they have to prove up 2 million ounces. If they fail to prove up 2 million ounces thy walk away with nothing. In the process they have to pay Westgold (please check this) I think 3 times the exploration costs on the area of interest. Westgold at the moment is spending as much as it can on proving up as much as it can in the area of interest. Every penny of that is to be returned to Westgold by Anglo multiplied by 3. This means that there will be a lot of money in the kitty for the exploration of other hot spots in their lease area. If they prove up minimum 2 million ozs gold equiv. Westgold gets to keep 250,000 ozs but is also only up for 1/4 the cost of building the plant. Please check everything written here with what is written on the Westgold Web Site. This is only my opinion, I might be wrong.