re: Ann: Scoping Study confirms viability of ... Volume of...

re: Ann: Scoping Study confirms viability of ... Volume of shares being traded clearly seen as off-loading of rights allocated shares for quick 20% profit. Pleasing thing is no shortage of buyers wanting them at current levels. May take a while to mop up all these shares so the share price is perhaps going to be held back for a while.

Market has largely ignored the scoping study which presents a very viable mining project. It will not be able to ignore further positive drilling results particularly if we see the southerly extensions to Gem Restored intersecting the easterly projected Harbour View Deposit. Results from recent and current drilling can be expected over the next month or so.