idc video riu conference-february 29th 2012, page-4

Hey BT

Very true waiting on those High Grade Drilling Twinning hole results and PFS Report! Hopefully it wont be too far away!

A couple of comments by Mr Promnitz that I liked were the following:

Slide 9: "You note the drilling goes down 350metres...."
Slide 10: "Cartoons from Porgera.....mineralisation has been identified at 1km vertical depth.

"What's important out of this image is the hot rock types are the same as Porgera."

"We sit 500metres above the level of Porgera...."

Slide 12: "Gold Rush in 1988. Over 1million ounces mined from surface in 12 months."

"Young kids 8 years old with coffee jars full of gold going out and buying 4WDs"

Slide 23: "if we expand the resource [at Mt Kare], being geologists we really wouldn't be doing our job if we don't find a resource 2 to 3 times bigger [than the current 2.1million ounces JORC resource] you don't get 2million ounces next to 28 and not expect it to get much bigger....."

Our Baby Mammoth is awakening!

Cheers Nectar