Ann: Paterson North Exploration Results, page-35

They are doing an AEM early in the new year. Hopefully this will help them work it out.

I think they were saying they have had interest in the blocks but they will lose control and lose too much of the blocks.

It most probably is worth one more season to see if they can find anything as it will be much more beneficial to shareholders if they do get a strike.

Otherwise we will be waiting for the other company to do the work prior to us getting any news and any return will be diluted anyway.

All in my opinion