Potential May news and opinions, page-14

The EM results and previous trenching showed no signs of shallow pyroclastic kimberlite. So drilling is very important as simple trenching is not enough. Agree that it is best to not show your cards until the gazetting is done. What the gravity and EM didn't show is just as important as what it did show. It didn't show any other weathered kimberlites in the immediate area which tells me that L259 is the special single source of all the really big Type IIAs on Block 8 and likely Block 6 and is likely economic IMO. MK knows this and is playing his cards accordingly. There has been a lot of speculation about the Angolans and gazetting but just remember we have a blue ribbon management team on board. MK sold the Kimberley Diamond Company to Gem Diamonds in 2006 for $300 million so he knows how to negotiate.