Ann: March 2011 Quarterly Activities and Cash Flo, page-3

re: Ann: March 2011 Quarterly Activities and ... i think market will catch up with MEU...

1. Junction Dam is most llikely be 100% for MEU - Resources estimate ( which is overdue - i guess due to subdued Uranium market at the moment is ok) will come soone or later ; Saffron approx 5mln LB + Bridget 15mln = 20mln LB as an estimate by the end of this year @ 500ppm;

There are another 3 areas like Bridget ; We may have over 70mln LB from JD along;

2. Copper and GOld is a wild horse; but there is something there the question can they hit the sweet spots to give some interest and appreciation of broader market.

Loot at RXm story , not many know of them before they hit sweet spots in 2007 ( from memory)


3. Iron Ore - unexpected; I believe can bring value to MEU short term ; There over 393sq.km in western spear;

Old mine shaft dispays Iron Ore mineralization at full depth , 25 meter. All rock chip samples came with over 50% FE;

Area is big ( area of high gravity miniralization and where rock chip samples were taken is approx 5km by 15km and with some 100m by 500m drill spacing ( for inferred resources) we could come up with good JORC estimate;


With few project running , we just do not knwo which one will shine first.