Ann: PARADOX BASIN POTASH PROJECT UPDATE - STATE , page-28

re: Ann: PARADOX BASIN POTASH PROJECT UPDATE ... "Independent geologist Agapito Associates Inc. will be preparing a JORC resource based on cores and gamma logs from all 45 holes drilled on or in the vicinity of the
Potash Minerals tenement. Included in that estimate will be the 3 recent Potash Minerals state holes as well as 38 historic oil & gas holes, one US government cored and assayed hole and data from 3 Stone Energy holes provided under confidentiality as noted in the recently announced data sharing agreement. Until the Federal prospecting permit is granted, only the state lease lands will be included in the Company’s resource estimate."

I understand that the independant geologist has advised enough data is now at hand to compile an initial JORC using historic drill data and state hole results #2 & 3 especially. There is no need to spend any further valuable cash therefore until fed land drilling approval.

This makes more sense to me than risking more state drilling just now, and burning cash now allocated to the juicer fed drilling program, thus reducing the likelihood of requiring more fund raising before its really necessary, but that's just my opinion., .... if AC of DD has indeed rated state 3 results as good and points to the fed approval now (and not a sell off by shareholders :-), then I am much more relaxed about the future... glta