tibbs, page-12

Tibbs,

Thanks for taking the time and effort to make that analysis.

I have this suspicion that Anomalies A & D and Ida are all more closely linked than people imagine at this time. There is no basis for this other than a feeling in the family jewels but there it is. The family jewels have been uncanny in their ability to connect the seemingly unconnected at strategic times in the past.

If you are correct about the Garnet Valley deposit then that is OK but EXT is the sum of its parts and we are yet to see what Rossing South will yield, let alone Hildenhof and the the Uis areas. It is some time in the future but it is good to have potential rather than not.

I expect the scoping study to be released by the end of next week and I expect that they will come up with a figure of US$20-$22 per pound to market. That's another thing that comes from the tickling sensation in the family jewels.

I was interested to read (on the BMN thread) your comments on the BMN overburden or rather the irrelevance of this. I do not understand why you found the BMN deposit had an irrelevant amount of waste and yet you have determined that EXT's overburden and waste level is uneconomical. How are the two different?

Are not the EXT drill results coming up with better concentrations of U than the BMN results? Even the concentrations you have averaged out to are better than the 0.022% that BMN have been finding.

It is interesting to read the Far East report as it maps both companies out side by side and whilst I am sure it was not the author's intention to compare the potential of the two companies, to a large extent that is what is achieved.

Anyway, once again, thanks for taking the time to offer your analysis. I look forward to this month as it holds many events for EXT and I think the run up to Christmas will be a positive time for all U stocks. EXT has a lot of land and a lot of potential, the patient could benefit from that.