jorc, page-42

Hi Ralom

SP price is where it is because;

1. waiting JORC

2. waiting permit approval

3. waiting for production to commence

As we know these three issues are being addressed with JORC due by end of April.

The permitting process is well underway with all work
being completed by a very reputable and experienced company.

If pen maintain their stated time table, production commences 2012.

Time is now running out to get set before JORC and there are no guarantees what date this will be released to market. It could very well be next week.

I do think about this late at night. What is the company thinking to maximise the benefits of the announcement?

How critical is the timing of the release to the SPP?

What significant announcements might be released post JORC?

One thing for sure, alot to look forward to.

Ralom why do you think the SP is not higher?

Regards Motty