Ann: Change of Company Auditor, page-29

I agree with you on the Australian projects and I have been saying for a while this should be the focus. I don't equate much value to the USA projects as I consider them low quality assets. The Clayton Valley asset has nothing to do with Belmont and they still haven't been able to sell or get a JV away. I give some value to the water rights. My main concern is by trying to progress so many projects in the current environment and the cash burn rate. Dilution at these levels will destroy the upside. The Quarterly will be interesting and hopefully the cash position is still solid. I agree on Redlings and hopefully positive news there soon. All the best with your purchases today.