Ann: Merger Presentation, page-515

problem is we assumed we were weeks away from enviro approval which is a major catalyst. if this offer came in a month we could of been 50 cents

I'm sure they know what is the core development strategy they are pursuing. are they going to mine our orebody first ? are they still going to truck ore 500km? or are they going it all onsite. if they are hijaking our orebody,development strategy and our approvals the share split ratio should reflect that we were more valuable proposition. if under a merge we still decide it's better to truck ore 500kms and mine AVLs ore body first I'll stand corrected and concede on the value given to TMT but I VERY much doubt it!

will be very telling what comes out of "working team"