Ann: Quarterly Activities Report , page-2

At first glance there doesn't appear to be a lot of new information in the quarterly report.

It is pleasing to see that the previous "mid May" guidance for the commencement of drilling at the Shoemaker project has been confirmed for 15 May 2011 (does anyone now the identity of the drilling contractor?).

However I would have liked to have seen a more definitive statement on the start of drilling for the Uvs project. This will be critical to a re-rating of the stock in my opinion.