why, page-30

A correction to my last post.

GOLD.
Selene; indicated 600K ozs and 140 K ozs inferred ,at 1.9 g/t. Correction; the grade should have been 1.6 g/t.
This resource is marginal and in my opinion and may not be mined with present gold prices, but the feasability study may prove me wrong.

One thing I didn't mention is the ongoing law suit from a previous venture. KAL feel that they were fooled/deceived into an oil and gas project. They are sueing a JV partner for $3 million for false representaion. Civil action is a slow and expensive process, but a positive outcome would negate the need for any capital raising. This could be the announcement that nobody was expecting.