Ann: Half Yearly Report and Accounts, page-2

I think that SM has done an alright job, costs are kept pretty low and they are running with only a handful of people, the tenement status has a lot of approved areas now which will allow MMG and SEG to undertake their exploration programs with not many hurdles or having to leave areas out. The MMG announcment recently gives me hope, took a bit long to get moving but this happens with approvals etc often the reason behind delays. Drills in the ground is what we need and at least now we have an announcement and a timeline for this to occur. Stay calm and patient! Things are looking better now than 12 months ago!