Ann: 30 June 2011 Quarterly Report , page-2

Uninspiring?

Hearing only what MLX wants us to hear?

What I don't get is that they're giving us the development mantra, but the focus appears clearly on further exploration

DEVELOP THE 3.2moz JORC WE ALREADY HAVE

The cash burn will see a cap raising early 2012, a few months later if we offload our RUM holding

Maybe they're thinking the only way to raise capital at a decent price is to punt on exploration with what cash is left?

Not really seeing a clear direction for the future. The sooner MLX moves on us the better

Cheers