Ann: Progress Report - Mount Gunson Copper Projec, page-4

re: Ann: Progress Report - Mount Gunson Coppe... Hi Manila

The parts given away at Mt Gunson are of no real value to a company the size of Xstrata even though they'll be very handy for GUN. Obviously the region has produced copper, both in the known deposits and historically, but the real temptation is the characteristics that are seen as similar to that belt which includes Prominent Hill and Olympic Dam. It's worth Xstrata spending a few million to be certain that they aren't walking away from something extremely valuable.

I originally bought in to GUN on the base of exploration prospects at Mt Gunson but Coburn is the important play - it can set the company up in a matter of months.