Ann: Letter to Shareholders re EGM, page-19

  1. 117 Posts.
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    what i mean by the last comment is NPV to start will increase if we can find a good resource under shallow cover there. tailings, later in the life of the
    pit is a seperate issue. communicated by management as one that is generally normal for some mines. it is possible to mine the tailings for silica and also heamatite. to what extent that happens has a question mark about it. The tailings will be stacked close to the mine itself.

    all this information is a result of a relatively loose and informal meeting. any of this information I have typed above has a possibility of changing as the mine and company progresses for better or worse.
 
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