top 20 shareholders, page-48

My thoughts are that 12 months ago you could buy UMC for half of what the SP is today and they had not drilled one hole in the ground.

Now 12 months later we have drilled over 7000 mtrs, confirmed without doubt that there is extensive mineralisation on one of out tenements, including what looks to be a very significant discovery of high grade DSO marra mamba ore.

Somewhere between $8-9M in the kitty, 20,000 mtrs of drilling to start very shortly and the MC is only double of where it was 12 months ago.

Vey undervalued when you look at the reduced risk there is now compared to when most of us bought in 12 months ago