Ann: New assays from Cockie further extend thickness and grade, page-52

Money is not the only issue a few factors here on reflection.

1. Limited money currently, won't be able to drill what was planned this campaign.
2. Dont have the ability to raise sufficient funds for what is actually required.
3. Peters lack of thinking outside the box for raising funds (sophisticated investors only) these same investors bought in from sub1c though to 7c - and are now at a loss - they have been burnt hence the lack of support here.
4. Management are a key issue here as well as money. They have no intent to move quickly if they did JVs would have progressed and throngs would be a lot more smooth sailing. Cockie Creek is not complex like BT and should have not seen delays in assays just like beginning of year with Dr Corbett and BT final hole.

Reoccuring issues from management l, same old tricks not sure they have ability to develop this much further outside of acquiring land and sitting on it for years and years.