Ann: Quarterly Activities and Cash Flow Report, page-11

The one year or more different in time frame already provided for the PFS to be redone. I read progress and improvement from previous experience learned from W A. It is all work in progress and nothing else. Waiting is the issue of the exploitation permit so that Chris has a basis for negotiating with potential joint venture partners. We have been assured there is enough funds till next year, so there won't be any CR as we have been told several times. I am looking forward to receiving the ML.