Ann: Exploration Update, page-25

Hi Plough and all,

Welcome aboard for what I feel could be a very interesting ride. I can understand the management being extremely cautious with the information they announce considering the recent ASX scrutiny; however, overall, I thought this was respectable result. It is after all the secondary target and not the main interest for this company, something the negative innuendo crown failed to appreciate.

Until the trial mining and small-scale Gold production commences we can expect the share price to hang around at these levels. If the recent sellers have been influenced by the negative innuendo crowd in my opinion more fools them. At least we know there is a real intention to mine here unlike our previous experience with the dynamic duo in the K.R.

I feel one needs to take a longer- term view of this interesting explorer to appreciate the possible full potential of this resource.

Naturally one always must appreciate the risks involved with stocks in this speculative end of the market; however, in this case I feel the risk reward ratio is worth taking.

If some people don’t understand that the extraction process is still being tweaked but has at least proved the Gold is there in the metal buttons produced so far to date they are wise to leave the stock alone. However, if they feel they can influence holders such as myself to disbelieve the managements results so far, they are certainly wasting their time.

Cheers and very best regards: Andy