What Istruggle with is the crowd who are busting their bladders...

What Istruggle with is the crowd who are busting their bladders wanting a takeoveroffer from anybody; unless, of course,if they also hold shares in potential suitors.

At themoment a very large area – circa 5kms long – has been outlined as gold bearing,let’s say highly promising. If NXM was to focus on the southern area, drill itout and come up with a resource estimate, for arguments sake, say 500,000ounces, then NXM becomes an immediate takeover target. Someone comes in with avery generous offer for the definedresource. The sp rockets away and all those wanting a x3 or x4 profit happilysell. The buyer wears, say, a 25% premium on what is, say 20% of the total areaheld; basically, getting 4Km, or more, for chump change.

Purelyspeculation but current drilling may be largely to define as much of the landholding before in-fill drilling is sufficient to go JORC.

I say ATknows what he is doing. I am very happy for the total gold bearing area to beoutlined, before an area is in-filled drilled to the point where resourceestimates can be made.