Ann: Quarterly Activities Report , page-6

Pete01,

I agree they are all positioning their sales spin about being "next to" or "near" Sandfire's Degrussa. It is now or never, but really nobody has anything comparable yet.

Alchemy have expanded ground, are about to dilute the equity base and have had several changes of the board. Come one if the ground is great dig and report.

I like the noises being made now, but it all means nothing if you dont find something or consolidate the mixed bunch of tenements into a strong strategic direction.

Its time to link this concocted group of assets together and build a solid area.

In previous communications with the companies prior board they talked a lot about improving their understanding of what they had at Magnus and consolidating drill results with other techniques. So do it already.

More cash maybe needed due to the wasted time of previous administration, but enough! Put together a strong picture of what we have in the ground.

Lets get on with it!!