Ann: Kalamazoo increases tenure at Castlemaine Gold Project, page-8

To be quite honest adding more land and doing more basic ground work wont cut the mustard .They need to drill and find something .There has been a lot of smoke but no fire and the value of the company at 90 million has to be justified by drill results .Technically it looks really good with higher lows over the last year but if they cant get the drills running and finding some gold it will be back down to 25 cents .The small golds worldwide have had a big run with many of my exploration stocks doubling in value ,eg Fosterville South which has already found gold in another project ,azimut ,wm .but its summertime in the US/Canada so probably gold and small stocks are due for a correction which might be quite severe .I have been buying Silver Lake which is a small/medium Aussie producer .DEG after a huge run on exploration results and a bubble has just corrected 30-40% in a few days .