Ann: Norwest Directors Unanimously Recommend MinRes' Revised Offe, page-133

Brilliant. As you know, I reckon the number is higher, and you have acknowledged the same by saying your numbers are conservative.

My view is that NWE could be looking at an annual revenue of greater than $200M for its share. That will pay for NWEs share of the gas plant in year 1. Then there is the potential for oil... Then theres at least another Lockyer field (Lead E) in the ground. So double that.

Can you see why he wants the whole lot?

I was recommending MIN at $30-$40...they have capitalised on the lithium boom. The Lithium boom or more to the point the cars that are powering it have many moving parts - some of which are in short supply or rare...no use putting a battery in a car if it has no motor or wires. Goldman Sachs has put the moz on it, it will be a matter of time. Gas is going to be the real prize for MIN. But the leverage for us shareholders is with NWE stock. We will make 5 to 10 x as much with NWE stock as we will with MIN stock. Thats why Chris wants NWE. At the "price" he is offering, he is literally getting it for nothing. What a bargain.