Ann: FINAL GEOPHYSICS DEFINES MULTIPLE PORPHYRY-SKARN TARGETS, page-41

Eagleman.

"valiant efforts previously... and whatever we do, don’t ask why this surveying wasn’t carried out initially two years back ...they obviously know what they’re doing"

The simple answer is money!!

The company has not had enough funds to do much more than survive.

Everyone complains when there is dilution, including me, but if the company does not have the money to drill then what else can be done. They have always done as much as possible with mapping and rock chip samples but everyone complains that they want more than rock chip samples even though many rock samples were taken from the bottoms of old mining adits that meant that they were already well under ground without needing to drill to that depth.

The last ten years have seen the most traumatic conditions for explorers in the history of Australia. The fact that we have survived this period virtually unscathed, except for a dilution, speaks highly of the management, and, we are now coming into a much improved market, so many say, with a very exciting project and with an extremely well regarded possible JV partner.

Cheer up, it all takes lots of time, I know, as I don't have much time left so, console yourself with the thoughts that you are on, most likely, a good thing.

Lockitt