Ann: Calibre 2015 Drilling Update No. 3, page-59

This is not advice nor a recommendation.

This company might just be on the way to long term production. It may end up being very large tonnage in a very fertile part of the world. For the grades being delivered the model is sure to be very large annualised throughput with significant gold production.

It will take some time to bring on line and of course a very large amount of capital. In the current market the actual amount of capital and cost of capital is likely to be lower than if it was brought on line say 3 years ago.

I believe that people need to see this for what it is. In my reading of the company articles, it does look like a very good news story.

Who knows, crush on site and conveyor to Telfer!