Ann: Acquisition of Gold Project, page-6

The directors are pretty smart and did an excellent job on Nicholson Mine.

My guess is they will drill the existing pits to see what's underneath- it appears to me that the early mining was to do only small open pit mines as the price of gold did not support underground mining.

Things have changed immensely in Australia now with underground mining because the grades are nearly always higher and technology is far better at finding it.

Look at Nicholsons it has now released a 600,ooo oz resource upgrade with new bigger finds to be scoped.

I think they will get a 2012 JORC resource and then possibly joint venture with someone like PNR and then possibly sell out for scrip for shareholders.