Ann: Development Progress - Lindi Jumbo Mine, page-1495

Must have upset Spid, I still can’t respond

so glad you can finally admit if you include everything into WKT business then the valuation is at 48c. You don’t get to dissect WKT value and cut out value of the business. The valuation was done independently and they have applied risk reduction to everything from the resource size to the basket price. There is a lot that hasn’t been valued into this valuation but that’s fine. WKT will grow and there is down stream opportunity there. I think this is fair value for the next 12 months. There will be more to come once Lindi is up and running.