Woodlark gold, page-76

RWA .... go and read some of the Kula and GPR website and ASX releases and many of your questions will be answered. In terms of where to from here and potential, you only have to look at the PFS to get a feel for how profitable this operation will be. The current focus is clearly on building the resource inventory ad=s we are in "elephant country" and if they can increase the resource before they start mining that can only add to the overall potential and value.

For me, Fiji is irrelevant but the Cambodian project has serious potential. However - and rightly so 0 the current focus has to be Woodlark. Grades are not gangbusters but with a low strip ratio and "soft" dig - as the PFS shows this is a plus $50 million (before tax and royalties) profit pa - at current gold prices.

We will have a DFS available in the next month or two and my expectation is that this will actually reduce costs and improve the overall economics. Look at the pluses!! Proven reserves and the potential for a MAJOR increase in resources (which is why they are putting the lions' share of the recent CR into exploration for new resources and also demonstrates that they are confident that these resources are there!!) and strong community support and clear economic windfall. Also having three cornerstone - and highly reputable -investors (who together essentially have nearly 2/3 of all shares!!) is also a big plus.

I am a geologist by training (BSc and MSc in exploration geology) and this is one of the few juniors that really gets me excited.

So, in summary for me a non- brainer and that is why I am still sitting in the market sucking up as many shares as I can.