approached by investors seeking joint venture, page-39

All due respect, I have to disagree, in order to have a good discussion! The processing plant will only take four months to build, position and construct in PNG once deployed. Stephen stated this previously. Also in regards to the costs, Stephen has stated the gold from the ADIT drilling will cover a fair amount of expenditure on the plant, and support from the joint venture should assist too! Also the Chinese company hoping to takeover Porgera has even stated we could possibly use their facilities!

In regards to our resource, BDR are currently sitting on 200,000-220,000 oz per annum at 535-585 costs! At the moment with a partially discovered resource, we are looking at just over 240,000oz per annum at a 10 grams per tonne which is considerably lower than what we've actually proven to exist there! On top of this the silver obtained from mining alone will cover most costs of production, which are estimated at $350 per oz unlike BDR $535.

Mount Kare is perceived to be a high texturalised gold zone. Less than twenty exist in the world. No company that owns such a zone is worth any less than a few dollars in stock price. Cerro Negro as mentioned previously on this forum was considered one, it's resource estimate is almost identical to Mount Kare and as stated previously if the same takeover were presented to IDC as were to Goldcorp, our share price would hit above $3 based on our current resource alone.

On top of this we will be exploring other assets on our property showing similar signs as Mount Kare and Porgera! Possibly the place of a new site! All of this is happening in the next twelve months. "ADIT drilling started today!" The wheels are in motion, and with Gold beginning to pick up speed reaching new highs in the next twelve months on the back of world conflict, 50c will not even be a target but a trading halt location to announce our first dividend on the way to our true value.

Don't take this as an attack, I just wanted a good discussion! It's been awfully quiet around here! ;)