Ann: Quarterly Activities and Appendix 5B Cashflow Report, page-26

mccreek, I for one trust management completely. The problems in SA, in my opinion, have mostly been caused by Mintails. I have never trusted Mintails and I never will. Over the years I have sent emails to WWI management expressing my concern at making deals with Mintails. WWI was a spin off in 2007/2008 from both Mintails and DRD Gold. My hope is that finally the board will realize that constantly dealing with Mintails is not the best way to progress SA assets. I hate Mintails with a passion and I have nearly exited the stock because of WWI's dealings with them. A new contract should be announced soon but the $200,000 owing is a concern since technically Mintails is in administration. Having said all that, Mintail's has always paid up in all the dealings with WWI over the years so I am confident they will this time. If not WWI do not muck around, they will take Mintails to court and they will win. In relation to Derewo, was always going to be complicated in ridding the illegals but if the new partner can swing Clean & Clear on all of WWI's tenements and remove's all the illegals, 29% of the alluvial project is still a very good outcome. WWI still own a good percentage of the exploration targets and that is where the real gold is, if we can find the source of the alluvial gold. I think WWI are very confident the source of the alluvial gold is contained within our tenements.