Dogboy,I really doubt that. The reason the accounts reflect 100%...

Dogboy,

I really doubt that. The reason the accounts reflect 100% would surely be because the Lao government has yet to actually take ownership of the 10%, they've only elected that they will, but it will only be complete when they've paid for it (from mine earnings).

As to overpaying, well I am also wary of there being any lightly priced assets worth having lying around.

However our management did the right thing by us through their crisis period, and beyond in getting GRAM on board rather than feeding the local insto's cheaply.

Prepared to see the sp knocked a few cents in the short term if it adds longer term value, and some diversity from the single mine, single country risk. [I don't mind the single commodity - I am zinc adverse and prefer to pick my own nickel].

Hate the waiting, will be critical if warranted, but will withhold judgement for now.

EL

MX EL's don't do watermelons.