Ann: Shallow high grade intercepts at Boungou South, page-25

I tried a couple of times for no reply but managed to get Mark later on (no receptionist I presume). He said they were still waiting on assays for all Burkina Faso areas. I asked if the Kollo Hill drilling programme had been completed and he said yes. He also said that with tungsten prices on the rise he was hopeful that Watershed could come back into play. He quoted a price of US$250 per mtu as the point where things could start to become viable, though obviously obtaining finance would be a huge obstacle. I suppose realistically it would take a figure nearer US$350 before anyone's going to step up, but tungsten can rise steeply when it chooses. So I guess we just have wait until the lab releases some assays, which hopefully won't be too long.