Ann: Matsa Acquires Halls Creek Project Interest , page-10

re: Ann: Matsa Acquires Halls Creek Project I... I just found it a bit concerning that the company originally took a stake in BNR when the gold price was definitely in down trend.

by my rough calculations MAT spent $1,045,913 cash for 29,608,886 shares in BNR from Feb to Aug this year
at BNRs last trade price that stake is now worth $266,479
( paper loss of $779,434)

Now another $600,000 cash
$480,000 (as on todays PAN price 24c-2 mill shares
$345,000 (as on todays MAT price 23c-1.5mill shares

BNR only had only $380,000 left as of their last quarterly.

I just believe the money would have been better spent on what PP said in todays release "...clearly The Symons Hill
Ni
ckel
Copper
Project is by far
our most
important
project and our
primary focus...."

of course this is only my opinion and happy to be proven incorrect