Ann: White Dam Gold Leaching Project Update, page-8

Some good progress here at White Dam, initiatives well underway to get more gold. The gold production was always going to tail off quarter to quarter as the heap is quite depleted, making White Dam cash flow skinny. Just disappointing it has taken them 3 years of GBM being in charge at White Dam to get going on these initiatives. I always wonder if things would have turned out differently had they repurposed all the funds raised and con notes towards a cutback of Vertigo and essentially restarting White Dam proper.. Hindsight and all that of course. Who knows what small gold resources could be discovered in the vicinity of White Dam suitable for a nimble small operator to exploit?

Hope they sell White Dam for $5m+ and things turn around here for holders. Gold in AUD has been so strong and gold producers are back in favour, the timing is right for a sale.