Ann: Propose Issue of Options, page-15

Thanks La Tache for all your time and thoughts, though you have clearly missed at least one salient point, well a few in fact. I only have one question in relation to your numerous points - why has ZNC already announced their intention to de=merge the company into its constituent parts, surely their logic supports my thoughts, if not why not and again why are other companies de-merging right across the mining sector, if not to create greater value for their shareholders (socialism I think not). You have also missed a very important fact that at some point ZNC will have to provide significant funds to maintain their share of Earaheedy. And you are right I am a happy shareholder of RTR and ZNC and soon to be a happy holder ZNC +1, ZNC+2 and ZNC+3