someone not happy, page-5

In my inderstanding Boyongan was considered uneconomic by Anglo but not by Philex, thus the buyout. But that was also at a time of vastly different metal prices so may in fact be a more attractive proposition now. And Anglo has vastly different different returns on investment criteria than Philex.

But put in context of the technical side of Boyongan versus Mapawa. I believe that Boyongan had a big strip pre-mining, of more than a 100 metres ie the resource didn't have any legs above 100 metres depth.

In the case of Mapawa, and based on the drilling database of Suricon, we know that there is indeed significant gold only mineralisation at shallower depths, much shallower than 100 metres. That is considered likely to be economic to transport to Siana.

Whether there is a BIG mineralised porphyry under that gold rich cap is another thing, I do suggest though that we shouldn't be too discouraged if the first hole doesn't hit it - Boyongan mineralisation wasn't hit in the first hole despite the geophysical survey!