Ann: Third Bidder Supplement and increase of Offer Price to $1.00, page-116

IMO makes perfect sense from a business perspective - Taurus want 100% ownership because of where Realm is headed. If we were currently trading we would definitely be above $2, probably $3.5-$4

my impression from the AGM yesterday is that Realm has done and is still completing a lot of work to increase productivity and overall yields and have just opened Foxleigh plains north (which they completed in 6 weeks)

They still have:

One Tree - Open hole and Geotech drilling to increase structural confidence. Quality drilling to enhance our understanding on trace elements/yield

Foxleigh West - – Pending Geological Model, additional exploration might be required. MDL application to follow JORC statement

Eagles Nest - 2 target areas
Area 1 - Pending geological model results additional drilling may occur.
Area 2 - Seismic survey has identified locations with possible seam subcrops. Drilling will confirm seismic interpretation.

EPC1139 – southern part covers 20Ha

Limited drilling has occurred. Seismic interpretation and drilling evaluation has identified a number of potentially prospective areas

They are looking to sell 2 of their overseas interests as well - currently up for sale not sure on how much they will sell for

They currently have reserves for 13 years and looking to build upon this. which from their

Realm is going to be around for a while and it is going to be very profitable

I'm no miner or some high flying investor, but anyone can see where this is going