not too bad, page-13

Cortis,

We have not forgotten but are focussing on other issues.

I think that your record player (that makes me sound old) is stuck in a groove. We have listened to you repeat yourself about your 3 experiences for some time now.

With regard to the report from Baillieus, let me explain why they have chosen to adopt some terminology that you have referred to.

Target - is within 12 months All their targets are written in this manner

For Sophisticated an professional investors - best suited to these people as they are those that can afford to see the value of their investment wane in times of volatility, pedominantly caused by international market movements.

Because we live in volatile times and because MPO has not as yet reached the point of being classed by the market as a producer, and because its exploration contains risk, it is classed as High Risk. That is just the way that Baillieu function during times of volatility.

The target price of 45c is pre-consolidation because that is the way that it is trading at the time of the release of the report.