Ann: Ceasing to be a substantial holder, page-22

There is definitely interest on PDI, considering it will be a tier one gold deposit. However, the permitting issue will prevent any companies from having a crack at PDI until this is sorted at some point mid next year. It does not meet the risk matrix of the bigger gold producers. Their shareholders would walk their management out the door if they bought a mine without a permit at this stage. It has actually been a blessing for us Longterm holders that this permitting thing has dragged on so long. Keeps the vultures away. I want to be holding this long term and enjoying future production and dividends.