would you have got in on this write up

THE FOLLOWING IS FROM THE RAMELIUS WEBSITE.
Written by Strachan Corporate. Dated 12th April 07

The company recently completed a drilling programme at Wattle Dam, aimed at extending
known mineralisation at depth and along strike to the north. The nuggetty nature of this
mineralisation means that almost any assayed indication of gold grade over 1 g/t can be
taken to be commercial, since experience shows that even indicated grades of 1-2 g/t from
drill sample assays will produce ore grading over 4 g/t gold when processed at its Coolgardie
mill. Assay results from this recent Wattle Dam drilling campaign are awaited; however
examination of RC chips revealed 12 separate metre long sections, containing visible gold.
The deepest hole intersected a 30 metre down-hole interval of mineralisation at a down-hole
depth of 200 metres. These early drill indications hold promise for a substantial expansion of
mineralisation at depth and along strike to the north of the existing pit. Strachan Corporate
believes that Ramelius will move to deepen its pit from the current 54 metre floor during
2008 and will also design an underground mining operation to follow the mineralisation at
depth, where Strachan Corporate estimates that at least 300,000 tonnes of mineable
mineralisation, containing ~115,000 ounces of gold is in immediate prospect.

Just 600 metres south of Wattle Dam, the company has outlined a new zone of gold mineralisation
at the Golden Orb project. Results from recent drilling are pending, but early results shown above,
show zones up to 9 metres in width with commercial grades. If the mineralisation proves to be
similar to that at Wattle Dam, mined grades may prove to be much higher.
At the Larkinville Permit, 8 km southwest of Wattle Dam, no systematic exploration has been
undertaken in the past 75 years, since the discovery of a nugget weighing 1,131 ounces. Ramelius
is preparing to undertake a programme, leading up to drilling at this permit.
Ramelius typically holds 100% of the gold rights on its permits and 80% to 90% of the
nickel rights.

OPINION*
Ramelius’ current share price is supported by
Strachan Corporate’s risked assessment of its
current gold asset base plus cash and
exploration appeal. Strachan Corporate believes
that the company has potential to double its
value, based on further discovery of gold at
Wattle Dam and other prosects where
encouragement has already been seen. Ongoing
exercise of June ‘07 options appears to be
having a dampening effect on share price as
holders sell shares in order to raise funds for the
exercise of options. Given its location, east of
one of the world’s premier nickel belts at
Kambalda, north of nickel mines around
Widgiemooltha and surrounded by substantial
gold mineralisation, Strachan Corporate believes
that Ramelius has the management, the funding
and the permit position to offer significant
speculative upside to investors.
Peter Strachan