Ann: Muchea Mining Lease Application, page-12

The company is going to need funding. A possible solution:-

1. A consortium of HC members + others form a trust. Say 200 identities.

2. Each identity contributes $50K to the trust.

3. 200 x $50K = $10M

4. Trust takes security over all company assets + gets personal guarantees from all directors

5. Trust provides interest only loan, $10m for 5 years at 11.5% p.a. Interest paid monthly in arrears.

6. VRX refinances loan or pays out loan at end of 5 years

7. VRX offers trust members performance options at a favourable incentive price. (feedback required on this)

8. Few other loose ends to tie up but the outcome would certainly get VRX off and running, infrastructure built, staff hired & mining equipment purchased / leased.

Any thoughts? or am I dreaming? (Please be civil)