Ann: Investor Webinar Presentation, page-44

This was very much as expected, we are still behind the 8 ball, and I think the webinar more than anything devalued us a little more. Everything that was said was told to us the last time.

I think next quarter will be the quarter that will make us or break us. If we are still facing challenges with water, staffing and grade control we may be in a lot of trouble. I believe that they will get 2 of the 3 in check but the staffing issues could let us down. At current SP I think we are still a bargain at this stage, but if issues do continue and we do not get to that 450k at least in Jan/Feb we will be in a world of pain.

Cross fingers time, balls of steel if buying more (I think I will) especially if we are sitting at these low .30's.

GLTAH
DYOR