Ann: Quarterly Activities Report and Cashflow Rep, page-9

re: Ann: Quarterly Activities Report and Cash... RM,

I see your point about the delay of sensitve info bit & I don't have an answer but I gave you my obersavation in my reply.

the money required to start any mining campaign would all be to identify the boundaries of the gold present area & to build up a processing plant.

I wouldn't think that we need to build a processing plant for Feysville (area is too small & target is only 60,000oz)

so the money was needed to do all the diamond drills to define the boundaries.

looking at the history of AAR, Mandilla didn't require any start up capital because we used a third party plant. so my ASSUMPTION is that we'll do the same thing with Feysville.

the GUESSING game continues on & it has been there for few years, but if you look back you'd realise that everyone has been sort of "close" in trying to put the puzzle together!

I do see their cautious attitude in not raising the hype about feysville & my only ASSUMPTION is that they like feysville to be a bit delayed!

I'm not crying over any delay in Feysville for 2 reasons:

1. gold seems to have startd to get excited afer the EUROPEAN saga which revolves about Greece! the uncertainity here may take gold to above $1,200 & that has to be the PERFECT time for the world to get scared & buy more gold!!! :)
2. if we go ahead now with Feysville then many will see KP as being far away still (in time frame) until production & sell on TEENS & personally I think that will affect the process of issuing shares on a high price to fund KP.

therefore, my favorite "dream" is to have Feysville starting in last qrtr of 2010 & at the same time of having the feasability of KP out & issuing share to fund KP at the same time!

while this is only my guess/dream, I think I could be on something there & I don't worry about getting more details now about Feysville becuase short term increase in SP would actually somehow damage the benefit of the long term plan .... if u think about it!

cheers,