closed at $1.45, page-19

Hi snout

MWE management dropped me a line to see if I wanted to sell as they had a client looking for a large number. In my response, I advised the shares were held in my Super Fund and were a long term investment. Notwithstanding, I would review my position when the MWE SP got closer to $C4.00. They accepted my position and reasoning.

While $C4 maybe at the top end of the expectation scale, at current Cu prices, it is achieveable assuming of course that the planned production targets are met and CAPEX costs continue to be contained.

Cheers

R1