draft prospectus, page-2

Not much to say. Is based on old info. Shows that Harmony had problems getting a decent return on the South Kal operations. Dioro are seeking to lower costs by 15-20%, and put money into exploration. I guess they will try a get Shirl U/G into operation in 2009. For Frog's Leg, its a matter of trying the get the existing Rocket inferred resource, plus the developing 'Gap' area, into a indicated resource, allowing the reserve to grow to say 800 k oz by say mid year. At a certain point, this may justify additional underground infrastructure that would enable output to be increased. I'm hanging out for the two remaining deep drill holes.....

angus