Ann: Annual Report, page-25

The “divvi” is not prudent, responsible OR sustainable for a number of very obvious reasons:

1. very short mine life less than 4 years

2. plummeting production due to Raleigh (>25% of TBR production) ceasing mining operations - “seriously affected by a large seismic event” causing “substantial damage”. The Southern mine area “has been excluded from all future mining activity”.

3. capital required from evil banksters to develop the Ghana project which to date has taken 13 years to drill to barely more than inferred status, still requires more definition drilling, still requires a feasibility study etc, has a pit shell based on A$3,000/oz.