Ann: Investor Presentation - Bell Potter Unearthed, page-19

"It may be because they are doing a resource drill out on it." No. If they are doing resource drill-out they would have announce it. They did that about the first MRE drill-out at Boda, they did same for Kaiser and now they are doing same about central Boda - the area between 016 and 012.

They may decide to do resource drill-out at Boda2 eventually but if they do they will announce it properly.

I think they will first drill-out new resource around 005 as they have lot of density there and because the bottom of those holes will be ending up below the first MRE they will end up also adding more resources there too. If they drill east/west they don't need many holes to expand the MRE and upgrade part of the MRE to indicated category. Makes lot of sense.

All this may change once they show the results from Boda2 as results from the holes from the image above have not been reported yet. I think we will first see MRE for Kaiser and then Boda2 results.
Hopefully Tomie approval before that.