Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

Not being rude but if you bothered to do some research you will find that GIB did actually do deeper drilling at Neta in their phase 3 drilling: refer to 6th April announcement hits then included 30m @ 2.20 g/t from surface, 21m @ 2.47g/t from 69m..... The high grade core has been defined to 80m depth and is still open at depth....

"The aircore drilling was strange in itself doing it over such a large strike length rather than following up in a more targeted area imo" not being disrespectful but that comment displays your incompetence. Aircore drilling is actually the best way to find out the prospective nature of a field and is quicker cheaper and delivers the biggest bang for your buck and any geologist that is worth their grain in salt will start any new area with aircore drilling especially if its shallow drilling like what GIB have conducted....

In the latest drilling campaign (phase 4) they stated that the drilling program was highly successful in discovering shallow mineralisation at a number of prospects and delineating area's for further drilling. This is where they will follow up possibly with RC drilling to better define these areas.

So what are the near term catalysts?

- further drilling, phase 5 (not sure on start time as hasnt been disclosed yet)

- Iroquois Zn/Pb Project JV (GIB 20% Free Carry to BFS)
STK have stated that they will advance works on this project with surface geochem program which will be used to define drill targets expected time frame for results August/Sep. This tenement is host to the southern extension of Rumble Resources recent major Zn-Pb discovery at its Earaheedy project . 2011 first pass results included 23m @ 2.1% Lead+Zinc from only 24m. (worthwhile reading this ann)

- News on BDM exploration at Ellendale later this qtr and next.

- Other left field announcements regarding project acquisitions or on highland plains phosphate project which they have been trying to sell for a while

Bottom line is they are undervalued and I challenge you to find a better value small cap resource company on the ASX that is capped at only $11m (the BDM deal is worth more to GIB than this)

DYOR