Ann: Okvau PFS Demonstrates Compelling Project Economics, page-6

Thanks Rubitron

Not trying to pick side to be honest, but really trying to be honest.

Burkina has a history of fast tracking mine development,s and has risen to be the 4th largest gold producer in Africa, something it has a lot of justifiable pride in. Cambodia...well as RNS say they will be the first, and this is not where I would chose to be.

Burkina is also very stable, and is reinforced somewhat significantly by French and US interests. Burkina has one very dominant tribal group. Realisitic country risk in my opinion is very low.

In the value add, you have successful explorers, developers and miners. Each of these have different skills etc, attitudes etc. Transitioning between these different roles is often a significant risk, and both companies face significant risk in this regard. to do this, you must have the right management team and board. One without the other can be like dealing with a chook without a head.

in terms of the studies AISC, well these things are really guidelines, and will not happen unless you have the points above firmly under control. in fact from studies I have seen, the scoping study prediction are more likely to be wrong than right, even within 30% range or more.

Project wise, Banfora has more signs of significant gold in the top 50 meters than RNS. I like Heap Leach, low strip ratios and good grade for top 50 m mining. RNS have some excellent intercepts, and there looks ot be more potential, but they have only (+ or -) tackled one area. GRY have still got few holes 50m +

Just a few thoughts

good luck