Ann: Spectacular Base Metal Indicators at VBZ , page-7

Heck, I'm hopeful of blue skies, but just a return to where we were a year or so ago at 4.5c would be great! We are a lot better positioned than then, some good prospects with good grades and great exploration potential in Argentina, activity in NZ, and the likelihood of a JV at Turner River being announced soon by Polymetals to start the next step towards gold production from the Wingina Well area. While the value of the Beyondie Bluff JV with Emergent Resources might have declined recently due to the decision of Mitsubishi to pull out of the Oakagee Port and Rail development, DEG's remaining assets and projects are in pretty good shape. And who knows, Emergent might even come good one day with a Chinese partner, especially if the Chinese mining groups regain interest in the rail development where the Japanese have pulled out. It looks though that the loss of faith that Management induced by offering such a low priced placement is going to be hard to recover from without some quite positive and tangible progress.