Ann: Takeover Offer for Kula Gold Limited, page-4

I'm not sold...although I haven't spent enough time looking at the detail.

80% of the operation for spending money on drilling that would have occurred anyway? Now we are paying a premium for the last 20%? I'm gathering this deposit could be a lot bigger than what was previously anticipated? Hopefully in the scheme of things this will end up being a rounding error once the true scale of Woodlark is realised.

Does KGD have any other assets?

Wish I could get my hands on the models for both companies. Maybe that's a job for the weekend ...