Vic,I feel that the exclusion zone may still have as high as...

Vic,

I feel that the exclusion zone may still have as high as another million ounces as they explore to the west and north of the main deposit at Silver Hill. Plenty more to go but it's on hold until the PFS etc is done.

It does appear now that the exclusion zone is only one shoot of the mother load, which I expect will be found by the JV partners GFA.

It is obvious their $5mill has been spent on identifying the areas they wanted to drill, rather than plonking holes where ever. I feel confident if they start their 150,000m dilling programme after the season rains, then you can be assured that they know (or at least believe with a lot of certainy)where the main mother load is.

This next step is such a large committment that it will be made based on high probability of success or else they will walk soon. Especially in this market environment their RSA shareholders will not tolerate to much more waste of time and money in greenfield projects.

Don't get too hung up about whether they spent $5mill or $4.8mill. As long as they are willing to commit to stage two, that says a lot more to me about where this story is going.

Surf, I started new thread as I feel sellers increasing is not relevant anymore. Since then I have noticed buyers of 50k lurking around and sellers not willing to drop to far down. Today they had a good chance to panic and sell down to 20c, but not many sold down to the buyers in line.

In a couple more weeks a lot of answers will show us where we are really heading.

By the way Surf you're not talking to yourself, keep your good posts coming.