run out of buyers, page-11

Quick update as I did attend the AGM.
Probably only about 8 people there and at least one of them was from the Auditor.
Guts of it is:
- Wonogiri is absolutely the prime focus
- Big rigs arriving soon which can drill down way below the current 200-300M depth.
- Area has a bit of structural complexity - possibility that areas to the east have been down faulted, which may mean some mineralization is deeper.
- MD mentioned that MOST rock chips from some of the epirthermal targets have been returning 0.5-1oz Au
- Possible multiple phases of magmatic activity.
- MD considers historic hole DDH2 as important, possible that it hit mineralization 100-200M BELOW current drilling.
- Good metallurgical recovery for the primary ore.
- Asked about scandium at C1 and MD knew exactly what I was talking about. Mentioned they only put two holes in that target. Might be further JVs on the card.
- Forgot to ask which Jampang Mispec holes are actually on the Jampang lease as some hits were pretty chunky. Will have to email and see if MD can replie.

Now for some of the "IMHO"
- Reckon we may need to wait for the Director options to be allocated before they target anything with high potential.
- Dont like this quartz-magnetite zone which appears to be post porphyry. Hoping it is not too extensive as it may limit the mineralization at depth.
- Latest result west of hole 10 was not as good as I was expecting.
- Jampang might get flicked. Wonogiri just seems like its got much more potential. Raising 8-9M for Jampang might just be too much dilution for little return.