latest goss from the cfo

Hi fellow holders.

It hasn't been too encourageing lately, with the SP slowly eroding in wake of the Sun Metals H2SO4 renegging. I've been waiting patiently for some announcements, but today I rang the CFO.

Alain is very positive about the future. The Sun Metals issue will enter court in a few days, and is being rushed through thankfully. We should have a judgement in 6 - 8 weeks.

Unfortuately, the spot acid prices have also meant that the expected revenue from Palabora, South Africa, has also been delayed.

Alain is unpeterbed though, as there is a 25+ year project about to be drafted in South Africa (we will have anouncements as soon as it's on paper.)

The future outlook sees acid prices droping by 2010, but hopefully we don't have to wait that long.

DISCLAIMER: I am an amature trader, so take what I say with a grain of salt. DYOR. IMHO, this is a great stock to hold at the moment, but I'm sure there are much better mining oportunities out there if I knew where to look.

Happy trading.