Ann: Completion of Northern Lights Transaction, page-33

A little tough Micky. I wouldn't say delivered nothing.

Wapatik I think they have got a good deal here. They are just tied to Azimut being in control.of.the exploration till they move to the next spend level. It's cost us very little for the exposure and I would have a guess once MRZ pay the next set of fees we gain control and.movement may be expedited.

As for NLM leases this was always going to take time. Easy said in hindsight I know. We are awaiting rock chip samples and some geo survey stuff.

As for ruse well he hasn't had much to work with and he is in a learning stage. MOK is still pulling the strings here Nd as for all MOK plays he just.lets the drill reports speak for themselves and the market to do what it does.

I'd say the market is anticipating a CR soon to pay for the next payments to Azimut and funding for drilling. Until.we get drill results and survey reports no point pumping up wheels if there is nothing to pump. Not MOKs style.

Cheers
Dyor all my opinions.