Assuming the drilling program has been completed, the assays...

Assuming the drilling program has been completed, the assays should under normal conditions be expected to be finalised this month.

Whilst I generally agree with sergey's observations, a search of the Company records indicates that there is ample experience among the Directors and geological team to ensure that investors funds are spent wisely in targeting primarily, VMS deposits and that they have the necessary financial experience to follow through on any such success.

The burn rate for this Company I am sure is monitored closely so that every move they make endeavours to achieve maximum benefit for dollars spent.

It is an exploration company after all and nothing is guaranteed.

The Company has what appear to be highly prospective tenements over a large area of the Yilgarn region of WA where there have been many discoveries made, predominantly gold. Also, they are not that far away from Sandfire's copper mine. They are expanding their control over a large prospective area considerably (once last years applications are approved) which could well hold significant VMS deposits.

As you commented sergey, Andrew Bray, the MD, has put his money where his mouth is and recently purchased another million shares at 5c. That should give greater confidence to the market than is appears to have done.

Nevertheless, whilst I believe they have good territory and the major share holders are obviously not selling, it is as we all know, an exploration company and in the current market a certain amount of conservatism and hesitation exists.

I also believe that the market is anxiously awaiting good discoveries as money has limited opportunity for capital appreciation or economic return. So, any significant discovery should attract strong interest in the current market.

We will have to await the assay results to see what the indications are and the next plan forward to achieve maximum shareholder benefit.

I wouldn't really worry about the current price as it wouldn't take many $ to achieve a strong move upward.

Stay positive. The big boys aren't selling.