Ann: Further Outstanding Wiluna Drilling Results, page-24

Its all about timing. BLK have enough reserves in front of them for the next three years.

The primary issue right now is whether BLK is a viable and profitable operation - the market has lost confidence in the project, reflected in the MC.

BLK is struggling to produce at nameplate and is haemorrhaging cash, so you think it's a smart idea to plow money into non-production related drilling? You have missed a step. Reserve drilling is what you do when operating at a profit.

The last three years has been a very busy M&A-wise for Aussie gold producers - this project has stayed off everyone's list, despite an huge resource base and existing infrastructure. Red flag right there.

This sad episode can only be described as window dressing. The question is, are even the Chinese gullible enough to take a punt?