Announcements, page-10

Hi Alemond,

You claim to be an 'industry professional' however I am struggling to make sense of your calculations...

54 grams/tonne the 'Announcement' is from mined ore - thus this means it is AFTER DILUTION... you cannot then use your calculations to dilute already mined material... this makes no sense.

For example if following JUST the gold seam means that the amount may be 200 -300 grams a tonne - then you can use your calculation to dilute this amount - not the final mined amount that has been announced by the company.

Your calculations look and feel very similar to previous OGX announcements of 1.6 grams per tonne which made no sense to me when they had thousands of tonnes of already mined high grade ore from the mestre ready for processing that they used for their JORC - processing this ore would have freed up about $2-3 million dollars in cash...

I wonder of the former OGX management used your method of 'calculating' the gold grade rather than an actual assay?... It is strange that you have suddenly appeared on Hotcopper with your strange calculations and cryptic warnings - are you sure you are not one of our former 189 employees?...