general meeting, page-36

Hi guys.

investing offshore? need a broker in aus or uk or canada, and all the b..s paperwork that goes with it.

The issues with the Waterberg, well documented in the link given by Bungi, are water, infrastructure and skills.

The properties closest to an existing rail link are FSE and would be a good start for production, except that the FSE property closest is not the worlds best for opencast mining.

GLN have a very interesting property close to the new RES stuff.

You guys know the management of each better than I do, i would say that based on your judgement of the management GLN and RES properties are very much of a muchness.

Both have properties within the economic mining boundaries.

Lisbon is a dead duck but the others are ok.