Ann: Redmoor Tin Tungsten Project Update, page-25

So aside from someone who spat the dummy today with a big holding, this is what information we have:

- Top 20 - 74%
- Mcap $5m
- Redmoor valuation (50%) $10m
- Coal asset
- I'll not include gold, as looks like a no go
- Cash burn for next quarter $300k
- Cash in bank - $1.7m

Preliminary results Q3 (12 weeks), final results shortly after.

I accept that management could have done things a lot differently, but with spikes in coal and tin and tungsten still going up, this looks like a good risk vs reward play.

If historic grades are demonstrated, and the resource is expanded then we can be looking at 2c minimum based on MCAP. Obviously if they don't then there is only the coal asset. But i guess that's the risk.