Ann: Lamboo Project Advances Closer Towards Devel, page-6

re: Ann: Lamboo Project Advances Closer Towar... Agree.
Management are too switched on to dilute too heavily at this late stage.

Ideally we would have preferred a bit more resource defined before we hit the Banks for the $20 million, but the fact is, that the project is viable as it stands, even better if the price of Gold keeps heading north.

A small cap raise to accelerate drilling would be ok as long as the price set was reasonable. In a perfect world, NST would step up and invest a few million to push things along .... haven't totally written that possibility off just yet either!

Technically, there wasn't a lot of volume in the drop from 11 cents to 5 cents, so that area should fill relatively quickly on the sniff of good news. Probably a bit of resistance in the 11-15 cent region, but compared to most Specs, we have minimal shares on issue, and the top 40 shareholders hold over 40%, so even less resistance if things start to develop quickly.

One thing is for sure; if these guys happen to strike a few wide veins under the currently defined areas, or what is even more likely, extend the Golden Crown resource to its full potential, we won't need to worry too much about raising capital!