under 2 weeks to go people, page-14

Guys & Girls,

if you read the report from the 14th april, excerpt here...

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Sentry will assume full operational responsibility after the conditional 90 day period (or earlier if conditionality is waived) for the work commitments, earning phases and operations. In the event that the fund raising activities are unsuccessful during the 90 day period, Sentry has the right to withdraw and terminate this agreement without penalty or further obligation.

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My take on this is that after 90 days, Sentry assume full operational responsibility!!! This means that unless they announce they are pulling out earlier than the 90 days, then it is going ahead!!!!!!

So I say this JV is on!!! IMHO

So they are keen to go & automatically agree to go ahead after 90 days.... so we may not get any announcement prior to end of 90 day conditionality.

If we get announcement prior to 90 days, it is either to renounce any conditions or no go. We may find that Sentry won't announce early & will let it go the full 90 days, as it does not give them any advantage.... they won't be doing any groundwork this year & will spend the time until next summer in Kstan getting teams and contracts in place to go ahead with groundwork and surveys etc...

This is my take on current situation, so beware I may be wrong and itall falls over, but I personnaly feel it will get up.

cheers


steve