Ann: Drilling Results at Nakru1 Demonstrate Major, page-14

re: Ann: Drilling Results at Nakru1 Demonstra... The increased volume is no doubt a combination of RS getting someone on board but the price is being capped by New Guinea is my guess who have met all buying and more this morning. 29M shares may be more than short term if they frankly have no where else to turn for cash?

I don't rate the blue IP areas as great potential based on the 3D modelling and logging info/ asx release. The mineralisation clearly dropped off below 250m depth as indicated in release 18th June and the cutting/sampling of core to only 250m for first run seems beyond a coincidence. For mine the 250m hole depth also marked the red boundary of IP anomaly so I don't expect any decent numbers from the rest of hole though one never knows.

cheers