Bailey spoke about the club's list when he fronted his weekly media conference at the Junction Oval on Tuesday.
"When you look at list management, you don't know what you've got until you start coaching them," Bailey said.
"We're zero [wins] and six [losses] and we will assess the list on an ongoing basis like all other clubs and we'll look for areas of improvement and we'll look for players who are prepared to work hard and improve on their game - and players are already doing that.
"You look at Cale Morton, who has played well, Austin Wonaeamirri, who has played well and you can argue that Nathan Jones' game on the weekend was very good. Mark Jamar, from a poor game the week before to a pretty competitive game on the weekend [was a positive].
"So there is improvement within in the group, but not enough of them are playing at a standard they would like to, but they're working hard at it."
Bailey said the development of Wonaeamirri had been a positive for the club and he was not limiting how far the Northern Territorian could progress in his career.
"'Aussie' has got some real talent. He kicked three [last round] and all of them were under some pressure on the weekend and a couple of them were real class goals and he turned small opportunities into goals," Bailey said.
"The thing with Aussie is that he's going to get quicker and he's going to get fitter as this year goes on and for next year, so I think that's a real promising sign.
"His work-rate and his training is outstanding, so I think off the rookie list, he's going to be a very good player for us and as long as he maintains his work-rate, he'll be a 50, 100, 150-game player - it's up to him, but he's got all the right credentials to be a really good player."
Bailey also addressed the form of dynamic Indigenous forward/midfielder Aaron Davey, who had a quiet match against the Brisbane Lions.
"Aaron's pretty bubbly around the club. He had a foot [injury] two or three weeks ago, which is probably hindering him a little bit, but he was disappointed with his effort on the weekend and he really felt at the end of the game that he didn't work hard enough to get into a position to win the ball," Bailey said.
"He knows what he's got to do and he marks himself very hard. We’ve got to help him at the stoppages and we've got to block for him to get the ball in his hands, because he's a good decision maker, so he's fully aware of the expectations that all of his teammates have on him to perform this week."
