RTG being treated unfairly by the market: Sebastian Evans, NAOS

RTG being treated unfairly by the market: Sebastian Evans, NAOS. Ben's comments are fair although we would argue that this is a lot bigger issue right now for relative managers of money, as opposed to absolute managers of money. We believe the right approach to investing in resource companies at the moment is to look for high grade assets which have a high likelihood of becoming mines with large operating margins throughout the commodity price cycle. We find some of these assets are being treated unfairly by the market in valuation terms versus lower quality assets. We think an example of such an asset is the Mabilo project in the Philippines, which is owned by RTG Mining. RTG's management team is the same team that ran the billion dollar gold producer CGA Mining, which was taken over by B2 Gold last year. B2 Gold are the largest shareholder in RTG.