Ann: Robust Resource Intersections, page-7

Hi Bundy. GPT can be misleading. Think more along the lines of low strip ratio's, gold from surface, single pit operation (at this stage) and the metallurgy of the deposit that makes it suitable (many in WA are not) for heap leaching and the huge reduction in capital and AISC's this will afford). As IB has pointed out some of the largest and most profitable producers in the USA are heap leach operations with similar or lower grades. A resource increase is on it's way (first half this year). I'd wager that Apollo will be around 2 million ounces with a slightly higher grade given the infill results from the sample pit. It's up to you but I would not be spooked by the 'low' GPT. As usual DYOR though.