It's a catch 22. We either don't pay up and face the risk of...

It's a catch 22. We either don't pay up and face the risk of slow 2013 without much return,or take up the offer to atleast have a chance of a good 2013. If we don't participate,we can hardly complain about not having enough cash to drill and complete the studies.

This will definately be there final chance to impress me. I hope having Mark Maine involved at the level he is now makes a big big difference.

You would think they need to get Kelly up to 175,000 to 225,00 oz.With Kelly and GTS combined we could manage 30,000 to 40,000 oz produced over 4 or 5 yrs then.

I think they pinpointed the exact areas to hit at Kelly earlier this year to have a good chance of getting the resource up to a mineable level.Lots of high grade shoots still at a low depth.

I expect they will atleast double Kelly's resource if they can successfully complete the raising. $1.5m should be more than enough. Then they either mine it or sell it.


Scorp