Ann: Annual Report, page-6

I saw the CEO present...think it was Mines and Money, sponsored by Sprott, I think.

He said they hoped one day to establish a second mine in Australia so their profits could pay a fully franked dividend...something you can’t do with overseas mine...

I think he said their team was good at building processing plants and mines, a skill that gave them an edge in the business.

i think he said that...or maybe it was the WAF guy.

i was a bit put off by his dismissing the sovereign risk stuff as a non-issue. I know he probably feels he has to say that, but it made me wonder what else in his presentation was more PR than a true representation of reality.

i am biased, of course, as I hold this big position on KCN at moment. sovereign risk is real all right!

good luck with EMR....the gold price is looking pretty exciting tonight...