Ann: Postponement of 27 April 2012 General Meetin, page-4

re: Ann: Postponement of 27 April 2012 Genera... I'm stunned that the magnetite wasn't given any value.

About 40$ of the world's blast furnaces use the stuff. Haematite grades are falling and the available quantities in AUS are also falling.

How can they attribute a nil value to that resource.

If this is true (and I don't see why it isn't) then I take back my previous comments about Tsang.

The point is valid. Value the 1.4bt of magnetite in the farm-in or confine the farm-in to the DSO only.

There was also another interested party that wasn't given the time to complete diligence and bid? Come on man!!

Makes a mockery of disclosure!!