WHY, page-13

When the POSCO deal was first announced the stock price went to $3.60. That was not that long ago. The confirmation of the deal was never going to have the same impact, but it did send the price from $2.77 to $3.07.

The SDV joint venture is similar to the first announcement of the POSCO deal in the sense of it being a big, material story... but also much *bigger* as we will not be simply talking about a one-off payment of $280million (US), but of an ongoing river of gold flowing into the company - with profits far exceeding the amount paid by POSCO.

The projected profits from a 10-year SDV off take deal / JV will be vast - vast. Bigger than anything Mt Cattling can produce.

While people are expecting an SDV deal, they don't know the length, the pricing etc. It should - I stress, should, according to all indicators - be an excellent deal, connected to GXY's biggest and most lucrative asset. It has to be a (good) shock to the system.