Ann: First New Hole Extends Prospect 150, page-5

10,

I wouldn't get too ahead of my self on the potential economics of prospect 150 until the company does some metallurgy to see how separable the gold and copper are. I'm not going in too heavily or putting to much weight on the metal equivalent values until the company provides data on recoveries of individual metals.

I read the byy report that you posted sometime ago and it states

"Absence of free gold a bonus
GPR has panned drilled intervals of up to 400g/t gold, and not detected free gold. The close association with chalcopyrite mineralisation suggests gold is interstitial with the copper. If this is the case, then the project will not attract artisanal miners (ie unlike Okvau’s experience). Any development at this project would likely involve production of a copper-gold concentrate, which would recover most of the gold with the copper. This would mitigate security risks associated with production of gold doré on site."

Bit of question mark remains here IMO.

I'm still keen, but a little less keen than I was this morning. Do the Koreans know something that we don't? The management of GPR and our number one shareholders are professional and we've been told they have done extensive due diligence so I suspect they are on top of or will quickly get on top of the metallurgy of the deposit, particularly as the option fee for 100% of the project is not insubstantial.

Regards
SilentO