Ann: Director Not Seeking Re-Election , page-4

If Zeliski and Day get up there is no saving this company. The same goes for Popal and Doug Taylor. Shareholders should give some strong consideration to Popal's strategy of mining the alluvial. It is very easy for Popal to say that they have a strategy to add $100K per month in income but I strongly doubt that will happen. Popal & Taylor have conveniently left out the amount of capex required get the plant up and running. My understanding of the alluvial plant currently at paynes find is that it is about 50 years old. This is an extremely ill'conceived strategy. Don't be fooled by this mythical $100K per month, it simply won't happen.

What this company need is an entirely new board made up of professional directors. If you aren't a geologist, lawyer or accountant that is a member of a professional body with a robust code of professional conduct don't bother applying.

The first order of business for the new board should be to establish a remuneration commitee to oversee the director payments. Then they need to get on with recapitalising the company and planning for the next stage of drilling. Mining the alluvial will only serve as a distraction from the companies true purpose, exploring for gold.