Ann: Prospective High-Grade Uranium & Rutile Project Acquisitions, page-3

Hello. Acquisition:

* Upfront Consideration: 500,000,000 Shares

* Deferred Consideration: 500,000,000 Shares subject to the Company achieving drill intercepts of over 5m minimum at a grade of 250ppm U3O8from at least 2 individual drill holes at the Projects within 18 months of the date of completion of the Acquisition (Tranche 1 Deferred Consideration); and 1,000,000,000 Shares subject to the Company achieving at least 20Mlb mineralisation at a grade of at least 250ppm U3O8 within 36 months of the date of completion of the Acquisition

Above, what does the word "mineralisation" mean? If it means 20Mlb of uranium, they may possibly never attain it . 20mlb at 250ppm appears to be a JORC of 20,000,000 tonnes of earth or at 50 metres thick an area of 632 metres x 632 metres. 632m x 632m x 50m x 1.8 bulk density x 250ppm = 20 million pounds.

Although I know little about the mineral, I personally liked the "rutile" prospects. There appear no performance shares attached to the rutile .