Ann: High Grade Cobalt, Copper & Gold Mineralisation Discovered, page-15

It was an example. That's not the argument. The ANN says the cobalt grades are high grade and I'm saying they're not. 1 metre at 2,030 g/t is hardly typical.

o ESRC02 6m @ 1,108 g/t cobalt from 0-6m
o ESRC03 4m @ 1,190 g/t Cobalt from 4 – 8m
o ESRC05 3m @ 1,380 g/t Cobalt from 11 -14m
o ESRC08 9m @ 400g/t Co, 1.01 g/t Gold, and 3.16% copper

Using the formula above:

	Column 1	Column 2
1	Co (g/t)	AuEq (g/t)
2	1108	--> 1.69
3	1190	--> 1.81
4	1380	--> 2.10
5	400	--> 0.61

GLTAH