Ann: Tailings Retreatment Plant Update , page-5

Beans & Danbradster,

Thank you for your comments.

Beans 5,000 MTU per month. at Say $248 USD that’s $1.24Mil per Mth or $14 Mil PA looks good to me.

I think the market understandably is looking for “Runs on the Board” to build credibility. But we have had Mitsubishi (Cash Advance) and mota-engil group ($2.0 Million injection to purchase the long lead time plant) as recognition of the potential.

I have been a supporter of III/CNQ since the float and like you Danbradster I can see finely the light at the end of the tunnel.

With the Draft independent Scoping study report suggesting an 18 Month payback on the reopening of the open cut once the finance deal is signed (Hopefully with no Shareholder dilution) I can see a very bright future.

CNQ has got to be venerable.

Thanks Again.