market depth is starting to look good, page-26

Hi Happycats

Enjoy that beer! It would be fair to say Balatindi gold can pull in 1 gram per tonne, lets work on 100 million tonnes from previous discussions and we are looking at in excess of 3 million ounces base case senario and this isnt including any others base metals, uramium or silver.

Watching the PRU presentation clearly is showing how procative they are in adding resevers and resources through mainly resource drilling or aquisition, PRU know that they must add ounces to their inventory or face a take over from a larger player, PRU's exploration upside is huge and this is what the big fish look for. Their ground in the ivory coast is world class and have a list of targets as long as your arm with high grade gold

If PRU take out BYR with a likely base case of 3 million Oz's(balatindi) and 1 million (mansounia) they can bolt on 4 million ounces( aprox $6 billion inground value) to their inventory or roughly 50% more than they currently have and adding at the same time the potential of another 4/5 million Oz's though exploration upside on BYR's ground. I think PRU is a fantastic company and have no problem with them taken us over but i would like atleast reasonable value for BYR holders, not only for what BYR currently hold but its the exploration upside that is largely unknown through a lack of drilling.

PRU can obviously see the value in BYR at these levels, the board appointment and the chairman buying on market is now clearer than ever in my eyes. I also believe that BYR has no doubt had the handbrake clearly on for the last few months with every run being stopped.

Interesting days ahead