TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Message: Re: what to think?

I think the NR was more or less what a lot of us expected, gold in almost every hole but not very wide and not that high a grade. It looks like the whole area is a massive gold region but with not extremely high grades and widths, unless of course they will find some richer areas deeper.

Personally I think the region should be economic to mine since we for sure will get the tonnage and the location is excellent. The start up time after going ahead spending the money to develop a mine should be short making it a likely go. With the grades we are however depending on pretty high gold prices which a lot of people do predict, but only future will tell.

I think we still will depend on more and better NR's for us to really take off. Good we have enough cash to continue drilling without having to go out and raise more. With the things the way they are I would really recommend the company not to spend money on too many other projects, because getting Herculus up and running may take some sustained efforts of another year or so.

Have a good weekend all

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