re: Ann: NSW Mineral Exploration and Investme... I don't think...

re: Ann: NSW Mineral Exploration and Investme... I don't think it would hurt to put a few million towards the gold prospect to see if they can extend on the 2g/t+ intervals thus far. But for the others, maybe we do have to ask if its really worth the effort. For example, CSD has a fully fledged tin project with a market cap under $10M, WLF has 100x more tungsten than us with a market cap under $25M, and I'll be very (albeit pleasantly) surprised if we hit anything decent with the nickel.

As for Macdougalls, well I don't think this will live up to the expectations I held for it. The mineralisation was quite low as announced in the most recent quarterly, so our last hope is that the Hawsons trends extend into untested territory near Macdougalls.

The $3.5M exploration budget over the next 12 months is perhaps a little high, but, as always, only hindsight will give a definitive opinion on this. Hey, this is the exploration 'game' and sometimes you have to take your chances and hope for the best!