Ann: Exploration Update Jamieson and Paterson Projects, page-10

I think the tenements this company has are very promising. However, the aggressive drilling campaign has led to a budget blowout. Last quarter cost about $1.4m. Would really like to see them reign things in on the spending department

The gold results were met with barely a shrug from the market, and it wasn't helped by the poor results from Western Star.

Looking at $2.6m or less in the kitty IF they are on budget. Cash is getting to an uncomfortable level - at this MC, in my opinion. They would need some more really great results to bring the price up and keep it up.

Would be nice if they could do some sort of transaction to top up the funds, otherwise, will be heading to CR territory in the not-too-distant future. Maybe a farm-in or similar with Hill 800 or the Paterson tenements?