Ann: Annual General Meeting Presentation, page-9

Not sure about this new bunch, the photo of the bobcat and the underground bogger side by side is a bit of a worry. If looks like they are trying to take advantage of investors that are have no idea about machinery. Bigger is not always better and faster, a bobcat can move a lot of material in an hour as long as it does not have to move it very far, they are very quick and manoeuvrable, put two together in a confined space and they would out load a bogger of that size. While the ideal match for load and haul equipment is four passes, everything has a trade of. The angle of an incline can be no more than 1:10 from memory, so the steeper the dip of the ore, the more zig zaging is required to keep the climb at the ideal grade. Inclines can be very expensive to put in, it is a balance of how much material needs to be taken to the surface, so how much of the material being mined is going to be processed, and how much is development material, a lot more complicated that the size of the loading equipment being used. Time will tell.. Good luck ..