adoption of remuneration report, page-28

hi sharpshooter,,

I have a question for you - genuine question as at this point I respect your opinion.

You said

"Treasure Island is a exploration prospect along with the thousands of other exploration projects around Australia "in the right areas"."


Can you name some companies (even one will make me happy) that have the following qualities in an exploration project.

1. The have a greenfields project on or near the BL fault (the richest fault on the planet).
2. The own the project 100% - or near 100%
3. They produce and hence have cash flow.
4. They produce enough to have a solid exp. budget.
5. They have a track record of actually getting things done.
6. They have numbers either from geochemical (soft soil) or diamond drill (rock) - either way - sub surface numbers that indicate a possible footprint of an orebody.
7.They have global recognised exploration geo's on staff who have a track record of finding large ore bodies from scratch.
8. They have not just one target but multiple targets showing up on aero mag.
8a. They have several large clearly defined structures on the said areo mags
9. They have surface rock chip samples of high grade - most with visible gold showing.
10. They have Cu rock chip samples around 8% or more (I will accept no answer on this one).
11. They have spare equipment that can be deployed to the site with expenditure under $50m.
12. They have the ability and track record to raise at least $50 million from varied sources - insto's, existing shareholders, line of credit etc..
13. They have grown their reserves and resources by multiples of 2 to 5 over the last 24 months.
14. They are debt free.
15. They are hedge free.
16. They are considered undervalued by most market sources.


I say again - I ask this as a genuine question to someone who at this stage I respect.

And yes, I picked the BL fault - because it is the richest on the planet and it is in a politically and geologically stable part of the world.

have a great day

Pinto