Ann: Presentation - Precious Metals Summit, Colorado, page-15

I can’t really add any more detail (not a geologist) than what the company has said and what the Sprott/Hartleys have written in their reports (both available on WAF website). Sprott have some good estimates on underground ounces. At the Denver presentation the MD said he is looking at more than 200koz of annual production.

I also watched the B2Gold video presentation at Denver. The B2 president mentioned Burkina a couple of times as a location for their next project. Their Toega high grade discovery (15km from Sanbrado) I think is a game changer for the attractiveness of WAF as a takeover target. If Toega keeps growing and then B2 were to take out WAF then they could have a project with say 300koz+ per year potential at low cost and huge lower grade resources at Kiaka for future higher gold prices. B2 openly talk about building the company by acquisition and doing friendly takeovers.

I’ll be keeping an eye on B2Gold resource announcements in next couple of months to see if any more clues.