Ann: Exploration Update - Tanzania , page-4

Sleeping Giant - Could not have summarized it any better.

Just sit patiently and wait for the spot price of uranium to hit at least $60 again and we will be on our way. Manyoni operating at lower grades will be well and truly feasible at prices above $60 with very very low overhead costs using a heap leach facility.

Mkuju is the future icing on the cake with the potential and grading of uranium being absolutely endless. This one will EXPLODE when the time is right and sentiment returns to this sector.

My advice is to have the courage to enter the market when fear is prevalent. I have no doubt that UNX will come up with the goods especially with the fact that stronger management is imminent which is very important at this stage in our development.

Matt