Ann: Progress Report, page-3

Looks promising. But we need that JORC to give us some concrete figures. At the moment it's still fairly speculative. Words like 'may' and 'we believe' are reassuring, but are not rock solid. All in all, I'm still positive about this stock. Who knows, perhaps if the mine is really good we might even be looking at a take-over?? I'd be happy to have a larger, more experienced company buy us out, and I feel it's actually somewhat likely, seeing as though the SP is super low and our biggest troubles are with the company itself, not the asset. Who knows, maybe even a joint venture where another party buys 50% of the mine. That would be nice, a one off payment to help Freehill get on its feet, but still allowing us to bring in some revenue in future. If the mine is a ripper, 50% might be all we need? We'll see.

Good luck all.