Thanks for your responses, everyone. Sinbin's suggestion about...

Thanks for your responses, everyone. Sinbin's suggestion about listing DMA is an interesting one. Certainly something needs to be done to increase market awareness of the prospectivity of DMA's (GRN's subsidiary) tenements at Ellendale. To have microdiamond finds of this degree overlooked by the market is deeply disheartening to Gravity shareholders, especially when we see how KIM's SP has flown on results that were far less spectacular at this stage of drilling.

Below is an extract from GRN's website describing the significance of the Ellendale finds:

"The presence of microdiamonds in a sample proves conclusively that the lamproite originated from within the diamond stability field of the earth's mantle and has the potential to contain commercial diamonds. Microdiamond results are usually normalised and quoted as "microdiamonds per 100 kilograms". While past experience has shown that predicting commercial diamond grades from microdiamond analyses is not reliable, Kimberley and DMA consider these results very encouraging. The lamproite tuffs being mined by Kimberley at Ellendale 9 contain around 25 microdiamonds per 100kg. The counts in the recently identified pipes are TWO TO FIVE TIMES HIGHER.

While the high microdiamond counts are no guarantee of commercial diamond grades, bulk testing of both pipes will now be a priority for the joint venture. The two pipes are located less than 10 kilometres from Kimberley's processing plant at Ellendale 9 and, if significant diamond grades can be established, ore could be trucked to that facility. As the pipes would not have to support mine infrastructure, their relatively small size would not be a significant issue. The bulk sampling program on these pipes will commence after the northern wet season and when all other targets in the Falcon™ area have been drill tested.

Heavy mineral and microdiamond results have also been received from palaeo-gravels identified in the Falcon™ survey area. All gravels sampled contained microdiamonds and/or lamproite indicator minerals. Further definition of these palaeo-channel deposits is planned."

Readers should note that follow-up drilling at Ellendale is to commence in June according to the quarterly activity statement released last week and that targets identified at Gawler Craton will be drilled this month.

If management can get the P.R. machine working more efficiently against a background of renewed interest in resources (last week's dump was overdone IMO), Gravity should have brighter months ahead. It has too many fingers in too many rich pies to languish at these levels in my view.

I hold.

Gupper