Ann: Sale of Sandstone Gold Project, page-29

• Most shareholders are holding shares with average prices much higher then the current SP and incurring lossess
• Chances are the majority of shareholders are reluctantly to sell at anywhere near current prices
• No new shares have been issued around these price levels so unlikely anymore downside, maybe some resistance at 13-14 cents but should easily see a retracement back to the 27-30cent price level
• Strong drill results possible re-rate to $30-$40mil
• We're funded for alot of drilling so hope to get lucky with a few holes
• Poor Drill results then nothing
• Not much more to it. We are the Cheapest Copper Exploration Play compared to other peers all at a similar grass roots stage in the region. So no one more advanced then the other.