manus update, page-19

Don't jump to conclusions to quick Morgan.We will have enough money to get to where we want. Once Newcrest drill results from Manus and the Northern section of Kelly(High Grade Gold) is Jorcd this year, a lot more interest will come I assure you. Yes this appears it's asleep right now but no one should close their eyes here.Nothing worse than waking up one day and seeing that the price has gone from this price range to double or triple or more.
Money has been tight for awhile so some of the drilling has taken extra time to start in the past and the start of mining has been pushed back accordingly.

I'm very confident we will get the nod for mining in some shape or form during 2012. If Kelly continues to produce atleast the same grades over the coming qtr or two, it's all a goer IMHO.
Kelly is already holding quite a bit more Gold than the targets announced last year going by better follow up grades.Tonnage and ounces will increase with even better grades. That means GTS should also be mined in conjuction. 727 could very well have enough to fund exploration for several years too.

Watch this space.


Totally my opinions.


Scorp