met with ms

Hi all,

Bought Mark a coffee today after his meeting with Tolhurst. Cleared sharing some of the info we discussed with you guys, so here 'tis.

CdB
Mark likes this about best of all - 150KT of copper proven (non JORC) with 1MT expected. JORC on 150KT to be done this year - inferred JORC or better (it is a continuation of the proven resource) could be hammered out by mid next year.

Copper is sitting at the surface, and could be collected using bulldozers. Price to pull it out of the ground is about 1 cent per pound which would make it quite profitable (!!) - especially with current commodity prices.

Offshore oil
This is more or less a done deal - the blocks have been offered - it is dependant upon completing financing in the next week or so. Conrad is most interested in Block 6.

Refinery
We are getting some competition from Indian companies for the right to do this. Would be based in the oil town of Soyo and would not be linked to any output from our blocks (onshore or offshore).

Onshore
Cityview is involved in assaying the Kwanza Basin for Sonongol through their partner - hence they'll be able to get a good pick for the best blocks when the time comes. View here is that there is quicker money in onshore plays than offshore.

Diamonds
Production can be ramped up pretty quickly for a small expenditure.

Iron Ore
Currently trying to get a massive IO piece of land near CdB and Catabola.

Strategy
To shore up all of the leases and ensure full legal title and capability to set up mines without further costs. Remove land mines from the sites. To beat Canadian and Indian companies to the punch to further resources such as IO above. To wrap all of this up in a nice proven resources basket to be bought out in about 18 months or so.

Cityview are currently being approached by Chinese, however the view at the moment is that they are tyre kickers. MS has told them to buy 20 million shares on market then come and talk to him as share holders.