some financial realities, page-16

retska, BLR are one of the best U specs in my view. I got 'em back in November after I saw the entree into the US when they were around 6cents. They're in a good location and have a short lead time to production if they can find the resource (not like lots of other hopefuls). I was out by 19cents but don't wish to talk the stock down but you can't really value it accurately until you know the capital/operating costs, mine life, forward contracts etc. Paladin has been able to hit the market right at the sweet spot and has been well rewarded. I fear that this will be the stellar performer that wont be emulated, maybe only partially.

A jorc announcement from BLR will move the valuations up, but watch out if the co. has already had that factored into the share price, cause it might be a sell the news situation.

Once again good luck and I may see you at a shareholders meeting in the future.