Ann: Additional High Grade Results - New Constitution Prospect, page-32

Nice attempt to cherry pick and torture the drill statistics there, its obvious that you don't know much about exploration or geology from those comments and you continue to downramp and minimize the success that MBK have had due to your own personal reasons.

Lets have a look at the headline figures again shall we?

4m @ 13.2g/t Au, 21g/t Ag from 87m (TDH130) including 2m @ 25.6g/t Au, 40g/t Ag from 88m

6m @ 4.2 g/t Au, 15g/t Ag from 112m (TDH133)

3m @ 6.3g/t Au, 10g/t Ag, 0.2% Zn from 53m (TDH136)

So if you admit that most of the drilling is at -60 dip inclination then the vertical true depths are actually less than the apparent down hole depths reported here. So I see at least three high grade incertepts of between 3m and 6m in width that are all at open pittable depths. You also chose to ignore that this latest round of drilling extended the mineralization 100m along strike further to the south-east in an arera that has almost no historical drill coverage or very shallow drill coverage so its still open at the southeastern end.

If you think those are poor results then you must also think that the Mt Wright and Very-Nancy are also very poor orebodies because these drill intercepts are similar grades and widths to some of the early exploration holes drilled there.

And your previous post about ore deeper than 50m depth being uneconomic is wildly simplistic nonsense and assumes that you know the exact dimensions of the ore zone and have a resource model with all the grades and that you know the stripping ratios and costs of mining, given that MBK don't yet have these numbers finalized because they are still exploring and finding gold and haven't released a final JORC resource for New Constitution yet, then that is quite an extrordinary statement for you to make.

I know you have a bee in your bonnet about Nortons, and that you sold MBK at a loss previously but if you don't hold MBK and can't understand the releases that MBK are putting out then I wonder what you are really trying to acheive here?

So no thanks - I'll stick with the theory that Tony Schreck and his team know more about finding epithermal vein gold ore bodies than you, and will continue to hold and see what the next round of exporation drilling reveals.