Ann: GWR to IPO Wiluna West Gold Project, page-68

All the money spent drilling the Gold deposit, bringing Adrian Costello on board to develop the Gold asset. We have been sold out for 2 cents per share added to the current GWR share price. The terrible deal we made with FEL will delay any possible sale the Iron Ore asset, FEL should default this deal in September when they fail to deliver the Iron Ore as per the agreement. Management will get rid of FEL and the terrible deal the first chance they can. WMX have massive Gold mines right next door with terrible grades, they are crying out for a good grade Gold deposit like we have. But they are a poorly run Gold Company with much debt. If the Iron Ore price falls what will GWR do and what will we spend all our cash on as we will have sold off all our assets to EMT and TGN and now the Gold. This is what happens when you don't have a top CEO building a Company. We don't even have a CEO we just got very lucky with the Iron Ore price heading skywards. What is our plan B if the Iron Ore price crashes as we are continuing to offload all our assets well below market value.