Ann: Gold Coast Investment Showcase Presentation, page-52

There is a chance bc8 could be taken over. Anything is possible. I am not here for that myself. I think a buyer would really pick up their ears if another Paulsens came in and the operations were coming online. The resource (mine life) will only keep growing for years to come. It will be influenced by margins, through put and gold price factors. I think BC8 is more likely to take out someone else when they hit serious cash flow and a correctly valued stock price. They could use the toll treat cash flow to suck up more ounces around each mill. That has been part of their model from day one. This is being built into a growth company during hard times. The upside of that is good assets are cheap and fewer players will be set up to take advantage of that. You really want solid cash flow to use as a buying tool rather than a silly cheap stock price. A lot of the larger companies are very careful with their money these days. All of them run a tight ship.