Ann: Quarterly Activities and Cashflow Reports , page-46

re: Ann: Quarterly Activities and Cashflow Re... I am puzzled with that as well.

Blumont must have seen these numbers before the market (or at least July and August numbers) and still they are committed to invest this enormous amount of money, to the extent that they are borrowing from someone else with a higher interest in order to do this.

Certainly they must have seen the value and potential beyond this quarter numbers. They are the professional and surely they must have crunched out the numbers using whatever methodology and taking into account of the debt, the mine, the accounts and all the prospecting licenses before coming out with a value of $0.12.