Ann: Quarterly Cashflow Report, page-12

This week has offered up absolute bargain prices and the facts are that exploration has been slowed due to the weather at the sites. Things will start heating up in March and after speaking with the MD they will be focused on the areas where there has been historically high grades. Even if they achieve half of the grades from previous drills, we will be in a great position. The current cash on hand is enough to fund this project for another 2 years without any need for further capital raising or dilution. Don't forget this project was not revived on a whim!