Ann: Appendix 2A, page-6

Maybe after Wednesdays AGM FMR may feel it is appropriate to announce the decision to mine the JV.

I only raise that because the issue of 18,000,000 3.5 cent director incentive options (exercisable in two trounces) over 3 years may attract criticism of the board by shareholders and media if the decision to mine by FMR was announced prior to the AGM raising the SP to say 8 cents.

The point I'm getting at is that if the SP was around 8 cents or higher the director incentive option exercise price would logically be higher. So it makes sense for FMR to hold their decision to mine until after the AGM particularly as FMR Chairman is a director of Barra and a recipient of the incentive scheme.

Only my thoughts and opinion and I hope the decision to mine come soon.