Ann: Southern Nights Returns High Grade Infill Results, page-58

I agree with your comments re not being a Tier 1. There will probably be a nice small-medium size resource but not up there with others. PEX have often spruiked about the significance and size but clearly when looking at actual widths and if you discount some of those holes that drilled down the lenses this beast is a lot more tame. I don't agree that PEX should be updating us every week or with every hole. Personally I think the PEX team need to tone the hype down. It is a significant discovery and 4-6 million tonnes of say combined 20% metals and some silver and gold is fantastic, but you cant keep finding things year after year and not get things to a stage where they can be sold for a substantial profit or developed. Now that PEX have offloaded their WA gold assets it's probably time to shut up the Perth shop and move east to give us a bit of a saving with costs. The central west of NSW has a large base of skilled staff, resources and bloody great towns so why the FIFO? PEX need to offload the boys club mentality and realise that their shareholders are their main concern and it's about time they started looking at adding some foundation to the bloody share price that is heading in that same old familiar direction again.