profit taking, page-35

May be a number of reasons why the directors decided not to target Southern Flank in the initial drill programme.

• The discovery of Jocelyn has shifted the focus.

• Location of Camp Hill in close proximity to the neighbour who has the greater short term need to blend.

• The application for the eastern extension to Southern Flank is still pending. Jim may have decided to include this section in the initial drilling phase of this tenement.

• No historical drilling by Goldsworthy on Southern Flank and so there was no 'triggered' targets.

• Target the stuff that looks best on paper first.