while we wait, page-4

You might be right Ram ...but I don't see the justification for a rant just yet.

We should remember that from the 16th of Dec ann., we will stay in suspension until either a binding agreement is executed or we find out otherwise.

There are no guarantees here (everything could fall through) -but I think it's unlikely that the SPP will close before we have an answer either way.

I remain convinced of our future viability JV or no JV. Will just be faster and easier in the short term with a JV.

Economic geologist Brent Cook has described what majors are looking for in a JV: (message to this effect) Majors are not looking for a 35,000 - 50,000 Oz /year deposit, they are looking for several hundred thousand Oz's per year; they are looking for good margins; and they are looking for future exploration potential. Whether we end up in this particular JV, it's a vote of confidence to even be in discussions IMHO.

The audio also has some interesting commentary on the outlook of gold resulting from declining economic discoveries.



I'm planning to summarise the current OGX situation in the next few days (as I see it) and will post it after we find about the potential JV (positive or negative). Will try to stick to facts and evidence ...as opposed to rhetoric and assertion.

Cheers,

SJB