Ann: Chairman's Letter to Shareholders , page-32

From the south of France..........
All will be ok in the end...MMX sitting on THE most valuable and advanced deposit in the midwest.....opr rail port etc cant work without it..so its needed....
Mitsubishi have to stump up somewhere between 2 and 3 bill for their half share....whyy wouldnt they buy out MMX for lets say 1 bilion and therefore pick up not only there half share, but the whole lot instead...for less than thier final payment for half might be....and block the chineese completely..lets face it Mits is big enough to get all this done.....would scare the chineese senseless and maybe start a great bidding war...Just a thought from far away...