Ann: Mining Rights Agreement for Wiluna West Iron Deposit, page-12

Firstly Management got this long suspension wrong, no one would have found about this deal from a private company.I don't think any suspension was needed and the wording of the suspension was misleading. I see the announcement as great news as we are not selling the farm and are keeping our asset.Selling only 3,000,000 tonnes is nothing but it is a great template for the other 130,000,000 tonnes that we still own.This is where the main money is to be made.We will get 8 to 11 million for the other Company testing our way to port.There is up to 500,000,000 tonnes of Iron Ore so selling 3 mill tonnes is nothing.The Gold price is up to 1,454 US which all goes good for the JV with BLK to go ahead.This cash flow will come in before the Iron Ore. I can't believe I have been able to buy more shares at 11 cents today,sometimes the market can't see a good announcement.I am a very happy long term share holder now that I know we have not sold off our great assets. CHEERS