Investor Presentation., page-24

I think there is a strong chance of a discovery if KBL get there house in order and are properly funded for the exploration program. The Pearse North maiden reserve statement was a little disappointing because the exploration showed good high grades. They need to find more ore to survive if they are to stop the cycle of issuing paper to meet day to day running costs.

Maybe, when they made the decision to build the plant, they were playing defence because of the KDR saga and thought let's go for broke because we have Quintana and we can...it could have been a case, let's fake it till we make it