Ann: Second Quarter Activities and Cashflow Repor, page-2

re: Ann: Second Quarter Activities and Cashfl... IMO this company has great long term potential, high grade intersections, a big partner, Anglo, and $7,000,000 in the bank at the end of the quarter. As I said earlier, the plat to palladium is 1 -1, which means much higher value ore. If you look at the drill locations you will see a very methodical drilling program which will result in minimal infill drilling to prove reserves and a high degree of certainty to raise capital for mining. Resource estimate is due in 2nd quarter 2009. Canada is is obviously a legally stable country with dependable energy as compared to Sth Africa. If resource proves a mine, they should be able to catch the next cycle when the present situation is coming out of recession. I keep accumalating parcels here and there for my super fund, heading toward 100,000 units now.