options value, page-23

SO Pete...he seems very familiar in his emails...responded to my queries on Options and BFS timing and JV timing post BFS...

Options may be extended based on what the sp is at expiry

BFS timing, thats the most disappointing thing from him. I stated they had done a "terrible" job of being on time and producing one...he basically said he couldn't argue that fact. I also stated what will he be doing to remedy that, he said he would answer if I pursued further on that front, which I will.

As far as the JV answer went he had no real response. All in all his email sounded very tired and over it all. No inspirational leadership hype I'm used to.

This stock is very much a gamblers one with huge reward available but also huge loss. Can't argue the resource value but it is in SA and that in itself makes things very shaky.

If he can produce the BFS on time that would turn heads and impress me for one. Especialy as that would/should/could be proceeded by another, if not together, nice ann on JV and funding.

We need luck on this and some strong management to close this out by June '11, otherwise SP will dive....

Jazza