Ann: Company Presentation, page-7

Management here are very slow with this JV with GWR 35% WMX 65% going ahead. This project is ready to go with very high Gold grades an is right next door for easy transport.While the Gold price is high this project will get the current high Gold price.Management here would increase cash flow more by running the highest grade Gold available through their mill. This project delay is only through slow progress on WMX's side as GWR has done all the work required on there side.Hopefully WMX give us an update on what is going on so both Company's can benefit. CHEERS