Here is my summary - this is as accurate to the best of my...

Here is my summary - this is as accurate to the best of my memory and notes -- review for your own purposes.
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The presentation was conducted for 15 minutes by James Searle the Managing Director.

There was really nothing shown or talked about publicly that has not been published. This was reconfirmed with my conversation with James after the show. So primary points

Drilling.

1) All drilling going well and all of it is on time and on budget.
2) There is no need for extra money to cover the exploration targets as outlines for the next 18 months. So they have approximately 3 Million dollars of the 4 million drilling budget to spend.
3) Using the Aeromag survey to focus drilling targets at Bullabulling and Windanya. They are focused on value for the dollars for investors. If a large find is established then they will increase the drilling project (though further funds would be required).
4) They are targeting a resource base of >500,00oz of Au by the end of the current drilling campaign (18 months).
5) My impression is that he is quite pleased with the progress and where the project is heading.

MTT - Nothing given away here.

1) Anthill and Goongarrie approximately 160,000 oz.
2) Are currently negotiating with a number of processing plants in the area. Indicated alot of interest to process their oar.
3) Low cost though some spend is necessary up front. The financial arrangements not finalised. Options considering at this point are:
1) Bank Loan
2) Processor keeps a percentage of the material as their own.
There was no mention of a Cap raising for funding this aspect of the project.
4) Expect to be able to announce the arrangements in the next 3 - 6 months.
5) Production in next 6-9 months. Volumes and costs known when the deal is announced.

This appears to me to be well timed to meet the funding requirements post the current drilling programs.

Over the next 6 months the expectation is there will be a number of announcements for exciting drilling results and the MTT arrangements.

My impression of the man is that he is a genuine fellow that was excited by the project.