Ann: Letter of intent signed with world leading c, page-32

re: Ann: Letter of intent signed with world l... Hi All

I have read everybody's comments on the announcement.

I have read the announcement a few times. I just don't see what the excitement is all about.

I don't see any money coming into GBZ. As far as I can understand all the money has to be spent on exploration and development.

The way I read it is that they will sell 90% of the tenements for nothing, except that the other party pays for the explaration and development costs.

So my view is that GBZ has no down risk. On the other hand the only upside is that the other party can buy GBZ 10% if they are successful or we retain 10% of a succesful mine.

I may be simplistic, but some how its not something that excites me to want to buy more stock.

Regards


Pear