Ann: Trading Halt, page-85

SUPGF was 18 cents yesterday so downside in Superior shares when merger voted down is very limited in your opinion DANNY. Given high gold price plutonic mine gold production is profitable now so cr not necessary. Historically Superior do debt financing and don't dilute equity to oblivion. Plutonic produce product, gold, so equity dilution not necessary, Superior just hedge a bit of gold production for some millions of dollars if necessary. I am no fan of litigation however the litigation between Superior and catalyst is winding down...wasc has alread upheld the northern star ore treatment agreement so rules of doing business between sgi and cyl in marymia are in place and legally binding. wasc has awarded superior a 50% jv on k2 gold deposit for $3mm capex investment...k2 jv run by k2 jv committee established by wasc with representatives for both cyl and sgi to plan ramp of k2 mine gold production. Wasc also ruled cyl must pay Superior legal fees and that all dampier plutonic shares belong to catalyst. Dispense with appeals from both sgi and cyl and run with wasc rulings as they stand and litigation between sgi and cyl is over now.