email from john young, page-7

Sorry guys. I was asked by the person, who has forwarded me the email from John, not to paste it here but instead to use my own words.
So my summary from the letter is as following:

1) Marenica is trying different avenues to raise funds until end of year.
2) Opinion: Most investors are focused on gold. This will change. Then Uranium should pick up.
3) Marenica is talking to Chinese, Korean, Canadian groups regarding long term strategic partnership.
4) The next round metallurgy is starting at AMMTEC soon.
5) There was a meeting with Water affairs and Namwater and there are 2 options: a deal with Areva for water from their plant or to use excess water from Omaruru
6) Tenement renewal has been submitted for 2010 to 2012

Regards,

Joerg M.