Ann: Progress Report , page-12

I do like the potential of this company primarily for the region it is in as it is highly prospective for IO, 100km away from SDL..i think it has massive potential if the reserve can be proved up..also relatively small number of shares on issue, which could potentially increase as
further funding is required...

WGO are just starting out on this IO project...if you use SDL as an example it has taken SDL 4 plus years to get to the point they are at at the moment, and they have been fairly agreesive, WGO management are going to have to step it up or bring some experts in to take control and push this project through...Also SDL have spent aorund 100 million plus dollars...

The potential Ore reserve of between 1-2billion of high grade DSO seems a bit ambitious at this time given it appears to be a back of the envelope calculation based on limited rock chip samples and visual observations.

The other issue is project funding,they appear to only have around 6 months worth of money left in the kitty so a Capital raising or JV is on the cards...

I am not ramping either way, just going over the issues to get a better handle on where this one is heading....and the right time if any to enter the stock