extract resources ltd audio webcast, page-3

Don,

I must admit that the pounds was not as surprising for me as the grade.

If you examine the table in the announcement you will see that with a cut-off of 100 ppm they are quoting 108.3 million pounds.

However, if you look at the 200 ppm cut-off you still get 103.7 million pounds with a grade of 460 ppm !!!!!

Let's pause to think about that.

200 ppm cut-off and you STILL have 103.7 million pounds, 100% owned, not partially owned.

We've seen other companies use 80 ppm cut-off but most use 100 ppm. If other companies quoted a 200 ppm cut-off their resource statement would be trivial, perhaps close to zero.

This is incredible, really it is.

The next few weeks will see approaches from other companies for sure and I only wish that management were allowed to publish such information because it would be great for shareholders to know what is happening in the back-ground.