Ann: Musgrave Exercises Pre-emptive Right to Acquire Cue JV, page-3

Very interesting. This is a great signal to the market and to Peter Cook over at WestGold that MGV and its resource inventory that's building at Moyagee are worth a lot more than the low quality ozs they acquired from SLR with Tuckabianna. Grade is king.

What's more Tuckabianna is a big mill and will need to be fed. The winner of the race to build the largest and highest quality resources around Tuckabianna will have the best hand in negotiations and the development of this re-emerging gold mining district. Well done to the BOD for seeing the opportunity and taking the risk to go forward on their own. Now we just need to start pushing the resource inventory over 500koz and find a few easy digging oxide loads to help compliment the high grade BOD style ozs.

I've re-posted the upgraded resource estimate below to highlight the grades MGV have to build from. Esh