agm monday, page-5

Grizzly

I may have put that incorrectly, but I am aware of the Lease ownership arrangement, and also well aware of how the tenements were obtained.

Really CJ & NMc deserve to own the lot .. they did the smart, hard yards in getting the tenements along with PB's hard work as well. BMN shareholders should be happy with 80% ownership for payment of expenses, because without the 80% ownership of Etango, BMN would be trading at 1 cent right now.

I just dont think we have the right to complain. More interested in WHEN the other 20% partner has to put in cash or sell out. At "decision to mine" is my understanding.

As to EXT, I sold the lot at $1.15 because I felt that RIO would cap it & keep it around that level. I felt that the cash would be better spent on other oversold stocks. Much of that has gone toward trading oversold positions, & in the last month, boosting my BMN holding.

I think EXT's Rossing South is a beauty. Ida Dome is dross IMO, and will never be mined in my lifetime. But RS is a great find & its proximity to Rossing is the cream on the cake.

I watch it like a hawk waiting for some sign that RIO is about to "let it go" ... then I will re-enter. Hopefully I get a chance.

cheers