Ann: Participation in Onshore Exploration Prospec, page-20

re: Ann: Participation in Onshore Exploration... Hello Danpech ...

Some stats about BYE ...

As at 31 Dec 2013 (Refer Half Yearly Report)

Net Tangible Asset (NTA) Value = US$18.195 mil

Total Shares 128.1 mil shares

NTA per share = US$18.195 / 128.1 = US$0.142 cents per share / .93 (conversion to AUD$) = AUD$0.153 cents per share

Current BYE share price is AUD$1.06 cents per share vs NTA Value of AUD $0.153 cents per share ...

BYE haven't started drilling yet and it looks like the BYE shares are already trading at a premium.... I guess they must be expecting a tremendous result which is perceived to be a forgone conclusion ...

I look forward to the drilling outcomes ...

Cheers

PeterRG