Ann: Crista Approvals Update , page-5

Horst

Are you saying that MUN has deliberately released a false statement to mislead the public?

Can you substantiate your claim?

What are the views of the other 4 companies, which includes Vale, operating in the area on this matter?

You need to become realistic about the difficulties of operating in South American countries.

MUN's past poor management should be recognised, but this issue is now outside their direct control. The best we can hope for is that the POG stays at an elevated level and they can find more gold in the existing mine. Even the very low grade stuff could be economical at the current POG.

loki