Ann: Quarterly Activities & Cashflow Report-MGV.AX, page-3

They are not shy about progressing the VMS exploration. Hope they aren't trying to bite off more than they can chew. Personally I'd prefer they concentrate on the gold and leave the riskier VMS cash consumptive work for a later period when money could in theory be raised at a higher price if things with the gold continue to go well.

In any case there is not much we can do sitting behind our screens to influence the direction of the company so we just need to wait and hope they can quickly target and drill the copper-gold targets and move on if they don't produce results.

We seem to have experienced explorationists in charge so I suppose we stand a better than normal chance of success looking for VMS mineralisation but this is not a sport for the faint of heart. Esh