I don't know what all the fuss is about. The statement related...

I don't know what all the fuss is about. The statement related to an exploration target and there are strict rules about how these can be couched and the wording is important and I suspect that was the reason for the trading halt as they worked to get it into an acceptable form.

The BIG thing is not the "heartburn" that the "unclear" TH caused shareholders and HC posters, but the actual ASX release!!

An exploration target of 5 million ounces is fantastic. Sure it is "conceptual" in nature and needs to be proven by exploration but to even announce a target means that they have to have satisfied a number of criterion. They clearly have some confidence, given their increased knowledge of the geology, geophysics apparent controlling mineralising structures and some good hits from historical drill results from some of the areas that are now targets.

Also note that 80% of all holes ever drilled into the areas have mineralisation of plus 0.5 g/t Au. That hit rate is amazing and is definitely suggestive of an extensive mineralised system. The first figure in the ASX release shows the extent of mineralisation on the 'regional" scale and also the strong correlation with the controlling structures - as well as the intersection of a number of these structures. As a geologist I think that this is a superb exploration project with many walk up targets.

It is important to also remember that these targets -if proven to have economic mineralisation are additional to the already declared reserves of plus 1 million ozs. So every new mineral discovery now is cream on the cake and just adds to the overall economics and increases mine life. Proximity to the proposed mill of the target sites also means that any resources found can probably be readily and easily trucked to mill site, so there is nothing here but serious upside.

An interesting exploration target range though!! Same overall target resource ounces, but significantly different exploration target tonnages, depending on grade. Not sure exactly what to make of that at this stage but I must admit that I would like to see the higher grade realised, as the overall grade of the current project is a little on the low side. A plus 2 g/t grade would certainly give a much better buffer to any negative change in the gold price in the future. Still, either way it looks as though there is massive upside to this project. Clearly the share price is stuck and that is probably partly due to the fact that we are awash with script and that there has not been a lot of exploration news recently. However, that looks as though it will change with them ramping up exploration outside of known deposits and we could see a steady stream of news in the coming months. I for one am looking forward to what happens next!!