Ann: Diggers & Dealers Presentation, page-79

It seems exceptionally good value at this sold off SP now. The DFS was sound and the only issue I could see was the life of mine constraint. However, this Yandal area is renowned for keep on giving on so one could expect continued exploration success as time goes by.

Having NST as a significant holder can only be a good thing as their management is astute. They wouldn't be interested if this area if it had no long term prospects. The M/C at present barely covers the replacement value of the Bronzewing processing plant in current state IMHO. That is a tangible asset without even doing the NPV calcs for the gold reserves already in the mining inventory.

Sure there is likely to be dilution in raising the $40m capital to get this mine and plant to rock and roll........ but that will likely be chicken feed in the grand scheme once the revenue starts hitting the bank.

Who and why the SP has been crushed is a bewilderment at the moment. Regardless it rings value to me so back in I come.

Cheers