THE 4 MILLION OUNCE BET, page-10531

Lets talk about all the mistruths and exaggerations

1. EPCM on site and engaged. This would have to be an ASX first that no announcement of a tender process to find a suitable party, the scope of works and incredibly that the tender selection is over and award has been made. This is a price sensitive announcement.

2. Having chats with people. Again, this is not a hiring process. Again no ASX announcement. Apparently chats to fill all the senior executive on site staff and no announcements.

3. Minor dilution. They need more than 40% in equity. So a capital raise of $23 million or more depending on the impavr of inflation. That is MASSIVE DILUTION

4. Transport route doesn't go past houses. Please release maps that show the route. Yes you may use highways for the large majority of the route, but you have to get to those highways and there is no way but past housing

5. We learnt a lot about the geology in the failed Early Mining Initiative. The machinery they had could not dig any new material, so how could you have learnt anything new? You can’t see through rock and apparently your first activity next year is a blast.

This thing is going to end up with more than 5.5 billion Shares on Offer. It will never trade out of the 2c range for at least 4 years, thats with all things staying as they are now.

We know in mining that is never the case, just ask the nickel miners and its why this pit has been shut once before and put into care and maintenance twice.