tsx trades as high as .77, page-19

Our top Execs were brought in for their proven capacity to do the strategic commercial and finacial deals necessary to bring on a mine.

So we have heard a lot about de-risking. Great.

That should put them in a position to do a cracking deal, it is the only reason I am still in this thing.

Am I 100% confident they will get the mining licence - Yes as the country needs it.

Am I 100% confident in the Executive team and the Board that they will be able to secure the right cornerstone strategic partner gaining maximum benefit for Sh's - unfortunately no.

I say this even with the recent language implying they will not be rushing in to do a deal for a deals sake, but these are my concerns;

1. both the past and present team have not been able to move out of retail investors regardless of having a top 10 Global sized resource of a key mineral in the 21st century,
2. they still have a large 20% stake owned by a silent investor as opposed to a partner or strategic investor, and my biggest concern,
3. I don't think the current team has any goals over and above bringing this thing on-line. Most were brought in due to the failings of the previous management that made the reality of a no go thought possible. This lot just don't seem to me to be big thinkers at all, actually as opposite as you could get from that mind set.

Those points I believe are all linked to one another which explain our current price. Serious players on the TSX are up realy cranking along and although one could say we are up 2.5 times off our lows, I would rather be 4.