Ann: Quarterly Activities and Cashflow Report , page-3

I was disappointed with the report. I thought the resources would be higher & that they would be in a position to provide a measured figure by now. Instead the figures are still just indicated & inferred which doesn't mean much. We also need to know what the proved & probable reserves are so shareholders can get an idea of how much ore can be extracted.

Reading between the lines it would appear that for all the drilling done over the last quarter they have still not been able to improve on their original 276,000oz resource statement.