tastarga - your thoughts on the qtrly, page-5

re: acturtle- your thoughts on the qtrly acturtle,

I get the impression that cairns is backing a two pronged approach, the first being exploration as his dirt is reasonably prospective and not heavily explored, the second being acquisition/development where whatever acquisition precipitates comparatively rapid development-on a concurrent basis.

The burn rate on exploration has not been overly much-mostly RC in a region close to Kal with only one or two rigs on the prowl. South Aus is only one deep hole which is subsidised. Should be enough for 4 months plus.

Reckon the next capital raising will be acquisition orientated. Just trust it is the right acquisition-has not been wrong so far!

Cheers,TAS