Ann: 1.54 Moz Gold Equivalent Wonogiri Project Ma, page-2

re: Ann: 1.54 Moz Gold Equivalent Wonogiri Pr... That is not a bad result. They certainly have a valuable resource that can be mined profitably in a low cost environment. There is room to increase the resource as well.

I'm a bit disappointed in grade. even at 30Mt the grade is a little lower than i hoped. We still compare very favourably with the likes of Robust and Sihayo and sp deserves to be substantially higher.

COLCOM ..you have your answer. the resource has preceeded the Cap raise. Hopefully sp can rise a bit more prior to a raise.