cheap, page-7

Timmo, the next two months will dictate the future of WWI in my opinion. There is a lot of consolidation going on in SA around the area WWI has its tenements so I dont think they will have many problems selling there assets if the sale to MLI consortium doesnt work out. We really do need the deal to go ahead though so we have plenty of funding to progress Derewo. If the deal with MLI consortium does come off I reckon WWI will be eager to sell the balance of their assets in SA which will bring another 5 - 10 Million dollars to further progress Derewo. If WWI strike it big time with Derewo and they do prove 20 - 30 Million ounces then WWI will certainly be a takeover target but at a very much higher price then it is now - probably around 50 cents plus IMO - maybe north of a dollar. Wouldnt that be great. It is possible though with Derewo - very much possible and I would give it a 70/30 chance of it all working out.