Ann: Operational Update, page-11

This time with edits.....sorry spell checker

This company has been poorly managed and operationally poorly run with little or no serious operational planning. My opinion is that the only way forward is to stop operations and stem the flow of cash, assess the current situation accurately allow some of the competent people within EGS to develop a clear and viable Mining and Processing strategy. Then go to market and raise capital, if it has legs, then execute the strategy clear of interference. There is a viable project here if the commerce is right, operations are allowed to operate and have the funding to do so and the focus is on building a viable business. I hope it gets up but I think MF may still have a fair bit of influence to the detriment of the project.