Ann: Tanzania Special Supplement Bills, page-232

Axxa23 Great to have you about and wish you well...If I invested now I would be far better off so well done on entry.GPX have introduced there joint venture early but has this diluted return directly from 100% to 50% minus 8% if Tanzania gift them self the 16% free carry leaving 42% left for return.

Although not confirmed the Silk Road inniative fund appears to be a far better prospect retaining 80% of earnings less interest over a 22 month pay back period.If a joint venture is required for remaining 20% at a much later stage the dilution will also be less between 100% and 80% ownership for returns to be earned from.

My personal view would be that if GPX could strike a similar deal would they be better to opt out of their current JV.At the moment it appears we are comparing a 42-50% return to 84-100% return while Walkabout Resource also maintain higher grades higher expected basket price with Lower ROM and lower mine cost.

I must also mention the high priority expansion target...

Croc