Ann: Viridis Secures Pivotal Southern Complex Expansion, page-45

I don’t think Vmm can entertain takeover talks at this point as Mei is far more advanced. We will get a clearer picture post mre and mets. Further drilling at the southern tenements might uncover the higher grade deposits. The northern and southern are in 2 separate localities - the northern are far more supportive than their southern counterparts. Hence, the major holder at Mei tends to not prefer merges - he tends to support growth then sell. I think Mei will eventually go for 40to 45c. Vmm now has a significant disparity to Mei. A 40-50 percent discount is understandable but not 70 to 80 percent discount. I believe Vmm should be at 2.20as now. I think if next round of results come through, highlighting 350mt to 400 mt at 2500 ppm this will close that gap significantly as Cupim south expansion adds the volume.