Ann: GREEN LIGHT TO ADVANCE MALLEE BULL VIA EXPLORATION DECLINE, page-36

Peter, investors are always expecting a cash raising with explorers when the bank balance starts to deplete. There should be plenty of funds to see them through to the completion of the initial resource calculation for Southern Nights. BUT that doesn't mean that they wont pull the trigger prior to the release of those figures.

Resource definition drilling finished in April. I can only find mention of 1 lot of awaited assays in the last drill report on May 06. Being for WTRCDD176. Personally i don't think it will matter whatever those results are. For the past 12 months the market has taken a big yawn whenever Peel has released results. No matter how good they have been.

Drillhole WTRCDD176, drilled 200m north of Wagga Tank returned assay results of 20m @ 1.25% Zn, 0.59% Pb, 0.06% Cu, 5 g/t Ag and 0.02 g/t Au from 234m including 4m @ 2.48% Zn, 1.17% Pb, 0.13% Cu, 9g/t Ag and 0.02g/t Au from 239m. This drillhole did not reach the targeted contact and was extended with a diamond tail. The results for the diamond tail are pending.

I hope that management are smart enough to look to generating cash flow as a priority before they embark on another major drilling crusade. If they don't the price of this will be punished even further. I wont be holding my breath though.