annual report resource, page-4

I agree par at least to some extent - if they know the 2006 drill results will boost our reserves as anticipated and it is not too much work they should calculate it and release it - yes we have had a good run but we are a long way from being able to sit back on our laurels just yet – while we remain a gunnabe some consideration should be given to supporting the share price with the effective use of news and PR while in the pre production lulls – espech now that start up has been put back yet again

We can not be judged as a producer YET coz the stuff is still in the ground so we can only be judged on drill results and progress towards production etc. In that, despite commencement of production initially being aimed for by the start of 2007 - in a trade off for higher through-put it was set back to mid 2007 - now is set back to October due to late power supply and that still leaves all the potential technical/mechanical problems yet to be faced – so while I have little doubt that all will go ahead eventually – putting start up date back twice does not send the message we want to have sent. Likewise with finalising the HNC agreement – even after signing they still have an out clause – I know it would be a difficult process but it has been put back and put back time and again then the delay in the Mt Fitch study – 2-3 months late so by the time it arrived it was met with a feeling more like oh finally than any enthusiasm.

Many of us in here are comfy (including myself) with a solid core and average price well under the current price or even free carried but with the great run we had there are many who have obviously bought between the current price and $6 plus who may not be feeling so comfy and as we yet again approach the level at which Gordon sold last year - there must be some who are remembering his words ....."I am convinced that the investors who bought my shares will not be disappointed."

I can’t help thinking he would have been more accurate if he said “traders” who bought my shares will not be disappointed coz I can’t help thinking that six months on – “investors” who bought might be having some second thoughts – and for me – until we actually become a producer we remain a gunnabe – so in the interim, a bit more effort towards maintaining shareholder loyalty via effective PR – including; prompt release of results and calculating and releasing any JORC improvement, either sticking to timelines or setting more conservative ones in the first instance and then promptly advising of delays etc would go a lot further to promoting the right image – I know they are busy people but if the workload is such that they need to put people on or outsource to spread the load then so be it - we have a great story to tell but it is not being communicated effectively and that is reflected in the current share price and apparent utter lack of regard to the share price and that must have an impact on shareholder loyalty – I know it has for me