Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11

I’d be intrigued to hear what value you place on JORC gold in the ground.

From what I can gather historical value is somewhere in the order of A$50-A$100 per oz depending on gold price, location and infrastructure. This puts a value on the Burracoppin JORC at A$3.2m - A$6.4m with upside. So I agree that the project is well in excess of the current market cap with zero value assigned to all other projects.

Non-dilutive funding needs to come from the spin off of the Australian gold/copper portfolio as previously flagged. They just need to get it done with Africa being the focus now. No point holding them and spending further funds that they don’t have.