Ann: New large-scale Gold Trend emerging at Hog Ranch, page-18

Questions and concerns that regularly run through my head. Regarding the directors loan (rightly or wrongly ) I come to a total figure of $582k comprising interest and establishment fee. Based on 10 cents this is just shy of 5.3 million shares. PEPR is the key to a CR surely although the CR based on historical timelines is highly probable to come first. Regarding HR project based on 40% IRR I don't foresee raising funds too difficult keep in mind figures are based on$1550us/oz. My biggest question is how have we not had PEPR approved taking time and funds available into consideration. Fingers crossed we have turned the corner and the back half of the year is rewarding for all.