its a know brainer, page-17

Fastbuck, I think we all acknowledge that the lead-up to the present has been a most frustrating process, and with hindsight we could all say that things could've been, should've been, would've been, better if we had such and such involved.

What we must focus on now is the present situation, and that situation is very much alive, we have a fantastic opportunity now to make hay while the sun shines, all the stars are aligned:-

1. The previous BFS (at US$650/oz) has demonstrated +$100 mill npv on Siana, now with the substantially increased resource this will only enhance considerably the NPV;

2. The administrative hurdles now are being overcome slowly but surely, 1 by 1, and with each milestone the project is closer to development;

3. Outstanding issues of transfer of title and Mapawa grant will be huge milestones and should reflect in further upward re-rating of price;

4. RED has got say $24mill in the bank to start the development process prior to bank finance approval;

5. Steel prices and oil prices are substantially lower now than when the previous BFS was completed, thus
=> Lower capital costs
=> Lower operating costs

6. Gold price remains $240+ above BFS basis.

RED5 share price is now moving up, and will get the eye of day traders!!!

Its going to be a RED hot time ahead...