my comments on the quarterly!

these are the major points:

Feysville:

1. new area called "Dalray" with high grade intersection of gold was found.

2. the latest DEC drillings are EXTREMELY ENCOURAGING & the next RC drilling in Feb will continue in Dalray & Rogan Josh.

KOONGIE PARK:

1. Cu resource has improved!!
2. Current Pre-feasability shows better Cu recoveries than Zinc.
3. lower capital cost is projected.
4. someone called Noel O'brien manages the feasability study.
5. Coffey mining is working on converting KP's resource to reserve & will propose a mine plan!!!
6. Expression of interest will be sent to engineering companies to implement the mine plan given by Coffey mining during April 2010!!!
7. the company applied for a new exploration license in the southern extensions of KP.
8. Pre-feasability is expected to be converted to feasability study by Q4 2010.

* 2 new gold projects in Laverton & Leonara were aquired.

* Nothing new in VRD (Pls correct me if I'm wrong).

Honestly & with no ramping, I think the planning work for KP is impressive & these are the logical steps for a company that is planning to build a med size Cu mine.

Feysville is a much shorter project to start mining on if company decides to work on it but now that we have the new Dalray area then I guess more RC drillings are required before we put down the estimated reserves!!

Please feel free to read thru my comments & advise if I missed anything or have misinterpreted anything! & of course correct me if you can for everyone's benefit!

overall, not a bad update & Again, I'm impressed at the ORGANSATION PART of the KP project!!! I think the planner is doing the right thing!!

I don't know what would hurt if these info were passed to us before but again what happens from here in SP movement & partnership searching will explain to us the current mysteriousness, delayed & secretive actions!!!

I think we're FASTER than track on KP but I personally wished to have gone ahead & produced a reserve for Feysville but now the new Dalray will have to be explored well before we close down the testing stage & start the mining stage, so Feb will have more RC drilling for Delray & hopefully that will be the end of it & then we can come up with a reserve!!!

cheers,