Ann: Quarterly Activities and Cashflow Report, page-96

Hi Spec, We should not have to read between the line's of quarterly,
but alas it helps if you can, totally agree it was rushed-repeated format with some
addition, but lacking the important depth & detail we all were awaiting.
The gold locked up is not easily explained by management & in fairness its hard
to quantify factually, when they draw reference to it they will be ridiculed as if they
were making excuses, but it is extremely important that s/h understand that
it is real & not unusual especially regarding high grade surface deposits feeding
only one mill in low volume, this scenario greatly compounds the lock up issue.
I further believe even management will be in for a surprise post saturation
when she starts spiting gold bricks that tell the true story.
GLTAH-may the wait & frustrations be rewarding to all
salt