ann: high grade copper intercept, page-6

"huge sov risk imo"

No doubt Nevada safer but stating the Congo as huge sov risk isn't accurate. For starters in the Katanga area where TGS is there was mines operating without problems in the civil war. Secondly Speaking to guys involved with TGS that have been to that area for 20 years say its totally changed. People and the government are committed to moving forward and building a country with a lot going for it. Thirdly the international community will and are helping to keep the peace. Zimbabwe a huge sov risk. DRC no!

Much bigger yes but grades 8-9 less then Kipoi project and Cobalt very high as well seen as Katanga houses the richest cobalt belt in the world.

A huge low grade operation is far riskier then a smaller very high grade one.

TGS $45-$50mil plant costs to produce 35tons of contained COPPER PA to generate $200milAUD positive cash flow starting second half of next year. Hoping to take advantage of high COPPER price as well.

Just seen the PMH announcement and thought you guys may want to take a look at TGS.

If sov risk to much thats understandable.

Goodluck!