Ann: Blackstone Merger to Acquire World Class Copper Gold Project, page-151

Perhaps now Blackstone Minerals has put Ta Khao on ice for a few years the Vietnamese Government is beginning to expedite the seemingly stalled bureaucratic processes involved in issuing permits and investment certificates etc. In a couple of years it might be a more supportive environment in Vietnam and things can advance there but we're already selling majority ownership of Ta Khao to the shareholders we are merging with in order to develop their copper/gold project in the Phillipines. There's a completely different ownership structure going forward. The Phillipines will be the focus until the red tape is cleared and the nickel price recovers. The market likes this.