Hi Scorpio, there have been no large sales. these are all...

Hi Scorpio, there have been no large sales. these are all relatively small sales with the largest I've seen so far at around $9000. most are under $1000. ost large parcel investers will do the research and know what the stock has to offer and take the risk on the long term return which is where the money is. as you know this can take up to 10 years in some stocks. There is heaps on the books here which will come into fruition over time. I think the panic selling at the moment is stems from the knock back on the sinivit licence. this is where this current SP is completely wrong as the stock was at 5c before the application for the Sinivit EL. In addition we still have a good chance at getting it. Whats more we now have Andrewa which Frontier are very familiar with and Newcrest have participated in and we may be able to get them back on board if Peter can detect the higher grades he was looking for. Remember they pulled out when the price of gold dropped and they cancelled all their external exploration to save money. We also have the application in for the new tenement. Locked up for 31 years and only made available as the current mie owner wanted to free up funds to continue maintenance on the mine. The mine is still closed and up for sale but still contains a high level of gold. Whats more, Rio have applied for a section of the tenement also and we will share a 5 km border. the fact that they are interested also tells me we could be onto something big here. And to me it could mean a potential JV at some time with Rio. the best outcome would be if Rio see's the vale in the area and takes on the mine and then we find continued mineralisation in the adjoining tenement. The Bugalo team have now been demobilized and we will soon be transporting all the samples which will be the three or more cores plus 60 sediments samples from Bugalo and the 16 grab samples from Muller to the lab for assays. If Peters calculations are correct and they have been right through this exploration, we should get more good results and further information on the size and direction of the mineralization. The Muller rock samples will give Peter a better idea where to set up the drill there. Im expecting a crew to head into Stoneleigh and do some grab samples and soil samples to get an idea of what we have to work with. So this is just a quick summary and interpretation of what we have and what it could lead to in my opinion. Still reading through the last report but sound really good to me. We also have two other EL's to finish applications for later in the year. Im thinking as we have three drills that eventually we will probably have three different sites operating at any one time and rotating due to the weather conditions. of course do your own research.