Ann: Update from the Receivers and Managers, page-6

According to my conversations with DR and the creditors report, the raising price was 1c. The main reasoning for this was that the mine was placed under C&M, which attracted a significant discount.

If DR pulls this off, shareholders will retain 4% of their holdings with 20 billion new shares in issue.

Warrawoona open pit plus Nullagine could produce a total output of 95k ounces annually in the short term, and at current gold produces and AIC of $2800/ounce, could be worth $800M market cap.

Estimated potential SP of 4c in the medium term, with an uplift to 6c if they can actually get the underground and Blue spec to work.

If he pulls this off, I applaud him. I thought we lost everything....