Ann: Further Northern Extension to High Grade Mineralisation, page-20

Hi Binwood and all,

This is certainly the issue for larger funds that want to buy in ... there is simply no way that they can with the current liquidity without seriously moving the SP.

The daily SP drift that some here are fretting over is absolutely meaningless in the bigger picture.

I have been patiently nibbling at relatively small parcels each day to grow my already decent position but an institution simply won't do this.

ADT presented to Sprott last week - by all accounts they impressed people.

I would anticipate that ADT are being approached by a number of serious resource investors wanting the opportunity to participate in a CR simply so that they can establish a meaningful position instead of having to sneak around nibbling at $5-$10k orders like I have been doing.

Some here need to remember you are the part owner of a business and that business continues to perform as you would like - adding value through the drill bit and, we anticipate, through additional ground position.

Cheers
John