Chairman (Director) on a 6 months Performance Plan/Notice due to an inability to start mining, page-181

Mr Chairman,

I hope you are using this time effectivity to produce an accurate 5 yr business/production plan.

Even though the IDC (and the GP) are independent, once (if) the funding comes through any failure to preform will be 100% on your leadership.

4 main area’s to comfort shareholders

1. Gold Oz’s production to target. per Qtr for 5yrs. Seperate ore into 2: high and low grade and gait/sandbag effectively, consistency at a range of 100-105% of target, consistency will serve you well.

2. Production cost containment to target. - 95-99% range will serve you well.

3. Corporate cost containment to target. Be very clear on Senior Mgmt and your payment process. Share payment has served David Choe etc very well. Believe in WWI

4. No chat/messaging on phase 2, remember this period of going cap in hand asking for capital. Pay down the debt, Bank the cash, buy/development/grow other assets.

You’ll find that business is not the same as a decent argument in law. Your legacy is hopefully starting as a business CEO with IDC approval.

Good luck but luck comes more consistently to those who are prepared, disciplined and work harder