Ann: Ausmex to Drill Tier 1 IOCG Prospect at Mt Freda Complex, page-12

I don’t know if it’s full of gold or not- that is what this company is trying to confirm

Plenty of company’s flick old mines or assets they don’t think are much good- but in some cases the new operators are much better- or do things differently with studies and turn what the vendors think is crap into great businesses

To again reference ncm- they bundled and flicked what the considered rubbish into another company and floated it off—- EVN has made a great success of the assets that ncm couldn’t get to work

Sbm- born out of our gawalia I think- saddled with 510 m in debt and said to be a Rùbbish —- well with the apparent rubbish and no reserves they said- it has paid off, all the debt gone and now has 350 m in cash plus still banking money qtr in qtr out

It can be done—- I’m not saying amg will do it- but there are heaps of sales which would result in substantial sellers remorse.

Time will tell with this company via some drilling and a JORC I guess