Ann: Investor Presentation , page-2

Wow, interesting presentation. (sarcasm - explained below)

Couple of things to note.
1. No mention of timeframe
2. No mention of how $20-25m going to be financed
3. Mentioned 5000m of drilling on the gold tennemants.

One thing that concerns me again is how they are latching onto the latest craze. They did that with Uranium. I remember an announcement they put out about taking over the mineral rights for other Pilbara Tennemants ex diamonds, from De Beers. They shouted from the rooftops that that included possible URANIUM. And then what happened - the backside fell out of the uranium market.

Obviously gold is a bit more stable that Uranium. Can't see the Gold price decreasing 80% though stranger things have happened.

What I'd like to see is a timetable and discussion on finance. $25m at 10c dilution is another 250m shares out there. I know some is coming from the Iron Ore sale and SPP shortfall pickup. However that is most likely going to be spent on 'exploration'.

Also note I think with this sort of technology - I think it would take a while for them to get enough material from the process to be able to sell/ship out at a profit. Just my thoughts.