St James Gold Corp V.LORD

RE: Hung Fat and Dr. No

[staolin]

The real published numbers, to clarify.

SPINIFEX RIDGE:  $1.2 billion capital expenditure

                                    191 million tonnes @ 0.08%        0.05% cutoff  (measured and indicated)
652 million tonnes @ 0.05%        0.02% cutoff  (measured and indicated)

                                    No infrastructure

                                    In the middle of nowhere

BARD:  $220 million capital expenditure (this is not published, that I can recall)

              85 million tonnes @ 0.083%      0.05% cutoff (measured and indicated.
180 million tonnes @ 0.071%   0.02% cutoff (measured, indicated and inferred) And more coming.

              All infrastructure on property

              Beside transcanada highway