Hi Hector,The '1m oz target' being bandied around comes from the...

Hi Hector,

The '1m oz target' being bandied around comes from the May 2011 Stars in Resources preso. It was a stated goal to "Increase WA gold resources to 1moz AU by December 2011"

More recently, however, the focus has been on the East Lode and a Jorc is expected for the East Lode prior to the end of the year. The East lode has substantial potential and its location -close to existing mine infrastructure- is an added bonus.

Bullant Deeps
According to the 2011 Stars preso they are targeting +300,000oz from the deeps.

Then theres
Bullant Mid North,
Bullant South,
Wattlebird and Bowerbird.
Plus the new tenements recently secured.

Current Mine resource ~110,000oz

As far as drill results go, and I'm just guessing here but you could possibly expect further drill results from the East lode and from the South.

An increase in resource estimate should give the SP a shot in the arm, however its worth noting that lots of co's spend years proving up resources and reserves and by the time they are ready to mine the shareholders have been thoroughly diluted.

With KMC already mining, every $ of profit is a $ less that the company will need to raise for future exploration/development/expansion/acquisition.

Is there 1moz at Bullant? ... Only time will tell.

Bullish on Bullant
GS