Ann: Shareholder Update - Newcastle Iron Recovery, page-29

re: Ann: Shareholder Update - Newcastle Iron ... Hi Buddy,

With what is on the drawing board it is ONLY A MATTER OF TIME before the company will have a positice cash flow.

In the interim I am of the opinion that ONCE AGAIN the stock will bottom out at around the 3 cent mark, for that does appear to be a recognised support. However when the cash flow does begin I really believe that it will have another run and this time it will hopefully leave the 10 cent figure in its wake.

With wonderful technology in hand and a guaranteed cash flow around the corner I cannot see any other scenario to that which I have described above.

I'll bet its cold in Wa-------h today.

Best wishes,

Penny