Ann: Letter to Shareholders, page-54

Even if you totally forget the past.. Mining Lady Ida giving over a % means we don't mine our own tenements getting close to 100% at a time we might get $2200 per ounce profit!!!! I said opportunity cost above its the key word. Time is the most valuable resource so if we are tied up effectively mining for someone else and getting a little bit back we would need it to be seriously good..

Why do shares holders want half a pie with Lady Ida when we can have the full pie on other tenements.. its a no brainer that right now its not in our best interests.. would have to have a grade 2x our others to justify