Ann: Equity Placement , page-35

Gents,

News that we all have been waiting for and well overdue.

One question. How deep are we drilling?

We could infact be sitting on a shallow & deep gold resource as evdienced by Callie which isn't too far south of Tanami. Yes, it is part of a different fault structure but if there's gold that deep in one structure, chances are good that we will find similar results only a few km up the road. Assays will confirm all, i am particularly excited about the PhD/Five Mile prospect on the other side of Tregony. We know there's gold there, the question is how much, how deep and how spread out is it within our tenement.

There was mention of divestment (IMO Copper Flats), Spin off/ JV (IMO Suplejack given new JORC results following drilling). Who knows, the ccd option may even be subject to JV?? In terms of Laos, look to me like a L/T play ie 2013 BFS.

Timber & Kori glad to see you guys back. Love your posts and perspective.