Ann: Investor Presentation , page-5

On the last couple of pages the graphs have a note based on SRK holding 100% of Peru.

Bold prediction but shows there intentions are to control the whole project. While we sort of knew it & they have setup the shootout offer nothing hasreally been said since then.

While a suttle message it indicates within the time period they do want to acquire the whole project.

It really shows as well they just are not that fussed about the coal project. I think they should be putting more effort into this for values sakes it is the closest to an income producing asset that they have & should be prioritesed to get the cash flow to help with Peru.

Highgrade - Interesting no reply to my comments

But todays slide show was one of the things you wanted & the other was to see them being more aggressive in doing a few things. I was & i am sure were very happy with the detail in the half yearly accounts.

I would just like to mention that i am not negative on SRK i just feel time line wise we are a fair way away from the big money we are looking for & alot of work needs to be done in that time. I think the options to the director in 11/12 can't remember off top of head @ $2+ are a very good indication that things will sort themselves out over that time period (but that is a while & patients is required)