today's value - 36c, page-40

Hi Ians,

I believe my solution is the best of both worlds.

1.) We essentially JV an asset we cannot develope ourselves (Ann Mason)by selling it to the other party (ETG)& taking a stake in them.

2.) We raise cash (make the sale to ETG partially cash)to further explore other tenements especially Sentinel (my favourite) & have the ability to raise further cash in the future without a CR (sell ETG shares).

And we still hold a 100% stake in the other tenements.

There's no need to give the whole company away.