Subject: Zimbabwe
From: "Bill McManus" <[email-masked]>
To: <[email-masked]>
Cc: "Eitan Benayoun" <[email-masked]>
Date: Fri, 06 Jul 2018 14:55:16 -0700

Hunter,

Eitan asked that I follow up with you on the information I believe was
forwarded to you regarding potential gold mine opportunities in Zimbabwe.
The long and short of it is a long time friend’s uncle has been mining for
gold in Zimbabwe for 15 plus years. As you might expect, access to capital
was limited with the previous government and it was very difficult to
expand. He believes that based on his knowledge of the region and his
relationships he could assemble claims (including his) that could yield up
to 2 million ounces of gold (of course there will be other minerals in the
ore).

Additionally, we have a friend who has the right to desilt 160 miles of the
Odzi river which is located in the Marange diamond fields region. This is
interesting because the primary purpose is to desilt the river. Thus,
apparently this is not technically a diamond mine that requires any type of
government ownership. The gentleman has indicated he would like to sell or
create a jv as he is struggling with access to capital. He has told me that
they recover 100,000 carats a month with roughly 20 percent being gem
quality. I have not verified this but because of the location it seemed
plausible.

In either scenario, we would need geologists to verify the opportunity.
Having said that, at least on the gold mine side, the owner was recently
approached about selling to a Chinese corporation.

Please let me know a good time to talk to see if we agree there is an
opportunity to further explore.

Bil