G Western, page-3

I actually emailed the company yesterday in relation to what's going on as I found the quarterly a bit vague. Unfortunately the response didn't really give me much more of a guideline. Since I haven't asked permission I wont paste the response in full here though I'll paraphrase.

Essentially I was just asking for a guideline on when we may expect some news on either the scoping study progressing or more exploration though he couldn't really give me an estimate so it's just a wait and see on the results of field work being done at present. It did sound as if they are actively looking for a JV partner for the project to extract value, probably without so much dilution as ultimately they are looking to acquire a world class project if they can find something suitable which given the beaten down nature of many commodities it's probably a reasonable time to be shopping.

I actually grabbed a few more on Friday as I feel the market cap is now peanuts around 2 million with nearly half of that in cash. The rising gold prices is very appealing as not only would it increase profits on such shallow gold but it might help in finding a JV partner to get things moving.

A bit of patience required overall I think and of course risk of capital raisings down the line is certainly there.