Ann: Quarterly Activities Report, page-12

• Any lower then that is pointless, they have spent 10s of millions with Mincor, Time and energy and selling of other assets have been put into this project at Eddie creek. Also the bullish out look for gold and silver generally follow, So if we merge with an other company it needs to be 100m plus deal IMO.

Tracey might not even be looking for that sort of deal he might be trying to get a small raise to continue mining.