CHARTS, page-363

MHC has some similarity with TSO, a company which has recently a massive gold intercept at El Zorro and be a large scale potential. Awati has ammased tenements of potential in El Zorro, Chile and Koonenberry in NSW. TSO, through its drilling has comfirmed the scales and every hole it drilled has come up with gold mineralisation in Chile. MHC has yet to drill on TSO'S scale however the few holes it drilled came up with encouraging results and of a high grades gold. Interestingly, Tribecca, a research house and fund manager has taken a position in MHC, has also now invested in TSO during their recent placement. Normally fund managers try not to get too carried away with penny exploration companies. The fact that Tribecca has taken a substantial holding in both the companies is an indication that both these companies have potential to go into mining. Incidentally I have a good holding on TSO has now also taken a sizable one, by my standard in MHC. I have noted that the CEO of MHC has left a well established company to take up his position in MHC. I like his comments during a webenier that the discovery in MHC is massive and of a high quality, and is not common.