drill results, page-5

!!!!!!???????? 11,000 drill results !!!!!!!!?????????

the 11000 samples have nothing to do with drill results. the samples are a couple of hundred grams, taken a few inches below the surface. realistically, the results will do NOTHING for the share price, because the results will do no more than highight areas of interest , which subsequent drilling, may, or may not prove up something.

watso was just looking through the man thread and some poster mentioned something about a badja uranium article, with a link to the mmi results over the area of interest. another poster responded with

"Shame, the market didn't really give a toss about that, did it?"

subsequent drilling proved the area to be of no interest.

as far as the parker range gold prospect is concerned, and on the very good assumption that no drilling program will be finalized till AFTER the results of the mmi survey, then any drilling on the prospect would be a few months into the future (unless they have already booked a drill rig)

from watso's reading of the gda reports, there is NO indication of any impending results, which would be of any importance, of sending the share price up a few cents - just think about it

uranium prospect ( moodong well) . some ho hum exploration work to be done in the march quarter - but NO drilling

mt caudan (iron ore) gda 20%. the last report indicated that caz were planning follow up drilling - but no indication was given as to when this will be. obviously, there is no on going drilling program, otherwise this would have been mentioned in the last report. the market was quite unimpressed with the drill results, and indeed, the shock would have been if they had not found anything, as any drilling into exposed banded iron formations, would have to have some intercepts,

wallal downs (iron ore). geophysics in the first half of 2008, will hopefully provide information for drilling targets in the second half of 2008 - so nothing fom this prospect


frankly, in the near term, there is nothing to excite the market. the coming quarterly will show that another 1/2 million dollars has disappeared, as will another half a million in the march quarter. watso would suggest that a lot of holders who bought in at 5c, would be wanting to get out as soon as possible.

for those who want to accuse watso of downramping - then fine, who cares??? . it is often good to get the other side of the story