what is and what is not said, page-8

Hi Guys, as you look at the Buckland Hills tenement diagram, Ricane is at the very bottom RH corner. You will see a dot there on the map, it's not labelled (probably should be).

I'm no longer interested in drilling or exploration. If we can't move forward with what we have, another few Mt of resources isn't going to help. Park the drill rigs and focus on corporate I say.

Maitland is important, but it shouldn't be our top priority, it should be sitting well down the list. Top of the list should be selling the satellites and second on the list should be securing rail & port access for future production.

I will be mightily annoyed if Maitland suddenly becomes the focus because that will tell me they simply can not do a deal or get the rail/port access they need out of Iron Valley or Bungaroo.

I have faith in management but the clock is ticking on these things. Hopefully the state Govt will declare a preferred provider for Anketell before the end of the year and this will give more clarity around our rail & port options.