does any one have any idea, page-36

Shady Merv

Doolgunna is 100% speculative & greenfields

where as the market expectation of Spasskaya was it would have a defined resource rather than an exploration target

i trust the Soviets did define a resource, given the announcement said "historical inventories", but i speculate the ASX did not allow GTE to publish the Soviet resource

thus it is back to square one in terms of share price

but, it terms of reality, Spasskaya is not "greenfields" as it is being treated by the market

so now the market must wait for drill results confirming what is there

GTE will probably, if not certainly, have the former Soviet drill holes in their possession thus they will just need to replicate them

very easy to do, reducing exploration costs enormously

as the announcement said, the exploration target was based on Soviet "historical inventories"

so if the copper is actually there, GTE will be a certain winner in the medium term

regards