re: Ann: MLI: MLI to purchase Emerald Gold Pr... I think I read...

re: Ann: MLI: MLI to purchase Emerald Gold Pr... I think I read it as all of Mintails shares will be surrended thus meaning it is a capital return of 3.6 million dollars, also West Wits will get 2.0 Million Dollars over next 18 months or shares in Mintails in lieu and lastly a royalty of 15 dollars per ounce.

I know West Wits are very eager to get back into the deep exploration as the board know full well they got off track concentrating on the small stuff and are regretting it.

The other advantage of this deal is that a Mintails board member will be off the board of West Wits and West Wits will rid themselves of Mintails for good - thank god.

I personally hope West Wits takes the 1.5 Million dollars instead of the Royalty payment per ounce because I would not trust Mintails at all to process 20,000 ounces per year which incidently would give West Wits over $300,000 per year.