closing price, page-15

JB,

Thanks....didn't know that....the fact he was involved with Paladin speaks for itself.

Solar.... only had holdings in DRK for a couple of months. I actually originally bought in purely as a friend was watching it for a while and i bought it on spec. In regards to the Sweden project, it seems like a very promising resource.

With the backers it has, it only proves that research well beyond my capabilities has been done and thought very highly of. The reason why I bought a few more GMR's today and am probably going to sell off a few DRK's (only a few), is that if the project succeeds, which I fully expect it to, then Golden Rim is more than likely going to end up with a slightly higher stake in the project than Drake! I understand the reasoning for this and therefore cannot knock the management at Drake in any way, in fact, I think they have done a wonderful job and strongly believe that they are one of the most trustworthy boards out there.

Unfortunately for them, they just had no funds to go alone with the Sweden project and therefore they end up in a situation such as this. About the project itself, from what i have seen with the announcements, it looks fantastic. The mine was in operation for around two and a half thousand years, so obviously something is there!

Bob has been very good at responding to emails and also VERY fast. I asked him yesterday whether he thought the options would be in play by the end of the year (they have a 20c ex price), and his response was that it depends on the first few batches of results. I strongly feel that he has no doubt that the DRK share price will be well in excess of $0.20 in the near future and this can only be based on Sweden as it is their only project of any note at the moment. I also sense a fair bit of disappointment that they can't keep a larger stake in the project because of the great potential it has, but at the same time, he realises that Drake couldn't have afforded to fund it.

It all seems to be fairly high grade and importantly, close to the surface, so only time will tell, but IMO, i'd wanna be in now because the price later may be too high for an entry point!

JS