Ann: Scheme of Arrangement and Demerger, page-102

Shthcop,

Agree totally, this should be added to the mix - we own 30.76% of the Karara Mine.

Gina Rinehart gets 2.5% from Rio Tinto on the sale price of iron ore.

I think GBG should get a percentage on the sale price of magnetite.

Whatever rate is standard industry rate (research needed) then Non-Ansteel shareholders should get 30.76% of that rate.

My Rev 2 of the document attached with a section added on the Karara Magnetite Deposit .Proposed Acquisition and Demerger of Gindablie Metals Limited Rev 2.pdf

Again any comments would be appreciated,