Ann: Business Update, page-3

Yes, a very frustrating stock to comprehend, I have been a holder since 2005 and managed to keep buying along the way. Was slightly ahead at this time last year or April Maybe when we hit .16c. I have added some since then but still get frustrated when we get good reports such as this one and no response from the market. Looking at the subs and the combined "Value", we should have a market cap of around $150Million or circa. 25 cents per share but it has never got there (except briefly to .40 odd cents in 2007 based on the Solomon Tenement results and that was prior to IRR, AJQ, ANW and DHR). Just waiting for an offer on SOLG to come along which is why I am hanging in there, maybe NM has upset BHP when he declined their offer last year??? IMO, Newcrest are a better partner/fellow shareholder as they have been very supportive and not made any derogatory comments or actions and they are definitely committed to the end, whatever that may be (T/O, Production, J/V) who knows. GLTA.