resource update, page-2

198,000 oz plus my estimate of 32,000 for the maiden Jorc for Kelly North. So 230,000 ish oz total. Pretty damn good for a .4c share IMHO. Kelly will come up with 300,000oz + in the medium term IMHO.

727 will give us more than first thought going by the new results and new drill plan/targets IMO.

One thing to remember is that all our gold areas a shallow which will reduce costs for strip.

Those who think we cant mine sometime next year/early next should think again. Mark is setting things up very nicely indeed. For starters, the 1 for 25 consolidation is a huge sign he is preparing this one to start mining. Why do I think this?For one it's pretty hard to raise enough to pay for a mining set up with the price at current levels without issueing a stupid amount of shares,but when we have this trading north of 10c post con and 77m ish shares on issue we can then raise the funds to get things cranking and still have a respectable 500m ish shares on issue, maybe not that many needed to be issued. could be 20-30% less if we use another plant or get a second hand plant for a decent price.
I know many will shoot me down over all this but its the only way to have the funds to be a producer.

Things are going to heat up considerably in the short to medium term dont you worry about that. Mark is a very smart and capable man that's for sure.

I've already voted for the upcoming meeting with a huge no doubt about it "For" covering all the issues put up. I never tell anyone what to do with there shares or anything else for that matter but if you want this to go to heights you thought it should go to, then voting a "For" for all the issues will certainly get us a lot closer sooner.

All my opinions only.


Scorp