Much has happened since then - along the lines of:
Newcrest are out; loan from a director for $500K was made; CR late last year; the option for Feb has been pushed out to Aug; GM Trevor W resigned to go back to contracting (still holding); more options were granted to all directors; alternate strategy to Newcrest's high tech sampling program commenced i.e. 2 phases of trenching which is showing promising signs of confirming the original resource. OVL will try to take that to production. They have also submitted application for area surrounding the current tenancy. IMO if phase 3 diamond drilling reveals same high levels, more money will (have to) be raised and they will go to some level of production (vendor comment above is interesting), if it doesn't they run out out money.
OVL Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
