Ann: WAF hits 6.5m at 61.8 g/t gold at M1S, page-13

I would like to see some sections showing where the crown pillar is in relation to the drilling and pit outline in a block model at M1. There are a lot of >50 gm intersections near the base of the pit, its pretty crowded down there, so I expect the final decision in respect of pit depth vs position of crown pillar (if they haven't made it yet) can a make a big difference to the early cash flow model.

I also note that M5 remains open in a number of directions and is barely tested in the direction of plunge at relatively shallow depths. I'd say there is a good chance an UG mine will be developed at M5 in the future with more suprises to come (also in the future). Whether shareholders see the full benefit of all the untapped UG potential remains to be seen. If a takeover comes its quite difficult to defend that depth potential with one deep hole they have at M1. I'd like to see some more holes sunk at depth to get a resource to an the inferred level at least. That way we can point to a resource as part of a TO defense. The expert will be able to opine about the probability of that resource coming into future mine plans and ascribe a decent value. It's very difficult with one hole to cement the value even though to the layman it seems like an obvious leap of faith. They said they would keep drilling all the way through the build. I hope they stick to that promise or it just looks like they are buiding a higher through put mine for the incoming crowd and not seriously defending value for shareholders. Esh