an update

FYI

An update from MWE management on 28 Oct:

Hi Roger 1

No bad news at MWE, we have already commenced the pit cut-back at Dikulushi which is on track to deliver ore by August next year, kapulo construction underway and scheduled for commissioning and production Q12013. We continue to produce copper and silver from the LG stockpile which will be replaced by feed from a satellite deposit we discovered and will fill the plant until ore from the cutback is available. So all in all business as usual.

Rgds -

Good morning X

I was elated this morning to hear that copper was up some 6% and then quickly deflated to see that the MWE share price (SP) fell some 10% over night. Overall, a disparity of 16% which is a very noticeable differential.

Has anything happened to the mine build at Kapulo or any other activity that has warranted the significant drop in the MWE SP.

As always, your time to respond is apprecaited.

Cheers

Roger 1