Ann: Appointment of Craig Bradshaw as Non-Executive Director, page-4

Hi jules1970,

I think money is better spent trying to prove up resources around those shallower high grade intersections I pointed out in my last post.

The company has money to do lots of good exploration but it doesn't have money to drill, prove and develop the three projects it owns. I'd rather see money strategically deployed at all three projects to try and determine which one is worth concentrating on first. My fear is the UG resource drilling, feasibility studies etc on Ulysses could chew up a lot of time, money and energy and from what I've seen of the drill results, the grades at Ulysses UG are currently just on the cusp of being attractive in an UG situation. Sure, drill some more holes to try and get a better picture of potential but save the money for stuff that can be cheaply and quickly monetised.

I've seen many a junior with cash go nowhere because they spread themselves too thin.

These guys have experience so I'm sure they understand all this.Esh