Ann: Maiden Gold Resource for Jumbuck Gold Project, page-4

Everything so far these guys are saying they will do, which was to get a maiden resource out soon, which they have at least accomplished.

From memory they have drilled about 8 to 10,000 mtrs to get to 219k ounces which is a great start but even at 147k ounces at 1.4g/t which is more economical to work with, is still great because all this in the shallow supergene blanket and easy open pit mining.

Insitu sale value on the 147k ounces at $1500 is $220 million and depending on the toll treatment charges by WPG, profits of $70 million is possible in the next few years.

Now with money in the bank to do 15 to 20,000m drilling this year the 500k ounce target is not far away.

With a $12 mill market cap let's see how this looks in the future if they reach their target.