Recently posted to the Glass Earth website, management discussion and analysis reports often hold some interesting data.

The cashflow position is discussed, the recent private placement should be concluded soon and resolves this. While there is no detail, the cashflow from placer operations is to be increased, and based on the last 1-2 months profit, this will have a significant positive effect on the bank balance for the company. There are a wide range of actions GEL could take to increase recovered gold. Once site and management costs are covered, the rest is pure profit, that can be applied to exploration. I think there's a good chance the placer returns can evolve to pay for just about everything GEL normally carries out in a year.

The MD&A also shows that the company continues to work on multiple fronts with its permits. Garibaldi is to be drilled Q1 2013, the highly prospective Southland permits are getting some attention, and Neavesville will be drilled in 2013 no doubt. Working on multiple sites provides some insurance for shareholders, IMHO.

WKP drilling is ongoing, the recent WKP35 drill assay showed that the instruments GEL uses are good at predicting areas of gold mineralisation. If the same process applies, we could expect a mineralised section of WKP37 to be assayed urgently, for drilling guidance for the next drillhole location.

Newmont's attention is on the strategically important Correnso hearings at the moment, but drilling on the rugged but large scale WKP permit is continuing, using a helicoptered diamond drilling rig.