50 cent target for cw, page-10

Denial,

Apologies I am not sure I follow what you are saying. Why do you not think the area highlighted for mining would not be available to be mined?

Assuming that the maps are to scale when you overlay the drill holes of previous Bluff announcements with yesterday’s proposed mining area, it looks to go straight across CW tenement. Just guessing it looks as though his tenement would make up about a 1/3 of the proposed mining hole. Those proposed middle holes seem to all be on CW tenement.

I initially questioned whether management overpaid for the CW tenement and it is a valid question. For example they could have tried to negotiate a JV merely on Bluff and not the entire company. But that said if CW tenement allows CLR to commence mining and bring in significant profits each year from the beginning of next year, then to me the deal was worth it.

As I said, I am happy to wait until July when the other 18 holes, concept study and feasibility study have been completed in order to determine whether it was a good deal.

I am the Iceman!