Ann: Half Year Accounts, page-6

OK.. in this latest Interim Financial Report MPJ claims.... "In 2004, Trafford Resources published a JORC (2004) gold resource for the un-mined Iron Stirrup deposit of 49,515oz..."

However Trafford actually say in their 2014 report on the Lynas Find Asset "At the Old Faithful deposit where an in-situ JORC code compliant resource of 49,515oz has been previously defined.."

Now the Iron Stirrup Mine is shown as closed on MPJ Fig 3, and yet Old Faithful shows as still being a deposit. (49,515oz?) As it should.

The reasons why the Iron Stirrup mine was closed are neatly set out by Trafford.

My only concern is if MPJ send the lads out to Iron Stirrup thinking there is still 49,515oz of gold there and it is actually at Old Faithful, which is 3km NNE then they are wasting shareholder money... and making themselves look foolish.. which is no good for them or shareholders!!

The gold is at OLD FAITHFUL!!! and not at Iron Stirrup.