Ann: Musgrave Hits 11m @ 54.0g/t at Break of Day, page-40

RW said yesterday that the next batch of assay results should be out early next week and will cover the bulk of the remaining 11 holes. Not sure if that includes the last two holes on Luise but think not. I suspect we will have to wait a touch longer for those all important drills.

Next drill program will test that 11 metres of 54 gm/t Au down dip. Be highly unlikely you would think that 17MORC084 hit the new shoot right at the thickest point with the highest grades but who knows. They will be drilling to to see if the shoot gets thicker at depth and maintains the grades. Doesn't look like it improves updip'

Can't believe that Breaker Resources which doesn't yet have a Jorc resource but has a market cap of $100 million and Musgrave with its 440k oz Jorc resource only has a $17million mkt cap. Both have Patersons raising money for them.

Patersons wants their clients to believe Breaker is on the way to 1 million ozs causing Tom Sanders to tell the market that he has never predicted such a number for Lake Roe. A geologist contact of mine said he doesn't think Lake Roe will live up to Paterson's claim that the deposit has the potential to be a million ounces.

On the other hand RW has said he hopes to build Cue to 1 million ounces and with the latest assay results he seems to be well on the way. With a capital raising almost certainly ahead in the next few months and Patersons likely to be involved again be nice if Pato's could swing some 1 million oz potential behind MGV!!!! The least we could ask for is Paros to be a bit more positive than they have been.