Ann: June Quarter Activities Report and Appendix 5B, page-32

Ok I understand where you coming from with those figures but that will be assuming that GWR revenue in last quarter was selling at all time high price which they didn’t . Also the other point I would note that the deeper this tenement goes the higher grades it gets so we should soon be selling 64% iron Ore grades. And GWR notes in its quarterly that Further amendments to sales contract with Pacific Minerals to ensure Value in Use (VIU) uplift in price for Iron Ore above 62% Fe. Good luck everyone. Buy when their is blood in the street. Not a financial advice.