Ann: Resource Rising Stars Presentation, page-19

I sympathize with your thoughts! Having said that there are a few blocks of shares which could come out but that is probably a good thing as it adds to the depth of the rally in the long run. As to your figures from your prior post, as per the May SRK report, it talked of 430,000 barrels of refined liquid petroleum [diesel], 90,000 tonnes of bitumen and 400,000 tonnes of active carbons products. If you were to refine these, which would be the expensive part, you can easily work out sales of $80 million plus. In my very rough back of the envelope calculations GRV could be mining circa 700,000 tonnes, a large quarry, of product a year with a profit of $8 to $10 million with a capital cost of say $50 million, $10 million for quarry and retort plus $40 million for refining. I therefor agree with your target price of 30 cents to 40 cents. If you were to add to this any excitement from the Georgiana Basin over the next 12 months added to the new management the future looks bright to those that wish to hold.