Herewith is an email I have received from a...

Herewith is an email I have received from a friend...............there are so many possibilities the mind boggles. It's just another Point Of View.

Harlee




Dear Harlee

which theory do you think will happen

hey, I could write a book on this,
in short.

Everybody is thinking RIO that will T/O EXT,
BUT,
RIO could very well go bust !
and who wants RIO's assets ?
China, thats why they are offering them, RIO some billions.

Therefore the people behind the games just might be China.

Remembering they are building and planning N-Fuelled power stations like no one every has before, therefore.
they need fuel to run these, they need at LEAST 100 YEARS of fuel

EXT's leases will provide at least 100 years of fuel !

BUT
Then there is the new Russian/German group in N-Fuels.
Who will be looking for a giant mine to feed their collective ideas and projects.

AND
remember that the Government of Iran holds a percentage of the RIO Rosing mine,
they are well connected to Russia and China

AND
the Government of Namibia is also well connect to both of the above Governments.

THERE ARE
too many possible players who would want or could want EXT, to even think about.
Including India in some form of J/V.
Or even PDN as John B is always miles ahead of most of the U crowd !
(Remember, he stated the industry has reached the stage of 'take over or be taken over', he can see what the future direction of U is heading to)

MYSELF
I do NOT want any T/O or J/V.
I pray there is not.

I would like to see EXT, after all its planning and thinking AND hard long nights and days, seek and take the reward themselves.
and become a mine in their own right, supplying the World for AT LEAST 100 YEARS.
The, become one of the World's leaders in supply a wonderful energy source.

This statement must surely reflect back to well over 100 years ago when the drillers looking for oil made big discoveries and then because giants in supplying the fuel we know as oil.

I honestly believe we are looking back and starting all over again, but with this newest energy source called N fuel and a minnow called EXTRACT that will become a MOBIL oil type giant in N Fuel.

(have you taken some wild guesses as to the possible income that could be supplied from this easy to extract and high grade N fuel, I have :) )

HENCE
This is why all the giants in energy must be looking at the largest and the highest grade and THE EASIEST to extract new fuel discovered in many, many years.

If EXTRACT can retain control, then in turn start paying a DIV in the not too distant ........... this of course would save me tax, thats my greedy side.

So I would suggest that most people close their minds to what ever T/O games as we cannot even start to guess what happens behind closed doors in the governments of the World, let alone the biggest mining house.

Or as a random thought,
would a oil giant move into another fuel like U and secure its long term future as a important fuel supplier to the World.

Its best to stop wasting time thinking about the giants
And then spend the though time on considering just how big, in possible U fuel and grades are the lease ELP 3138 and ELP 3439.

As it would appear that the discoveries have just started, remember back about a year or more ago, it was stated by EXTRACT, that at least 70% is 'masked' , then look at the green lines around the 'domes', ( http://www.extractresources.com/Portals/13/pdf/Husab_6-8-07.pdf )where the best locations for discovery are on the southern sides of these...(sorry that will upset some thinking BMN share holders and their dreams).

Then if your not exhausted, think,
WHY did these wonderful clever GEO's at EXTRACT's office and in the field decide on the EPL 3327 and 3328 ?
What made these people decide on these leases, what do they think they could contain ?

After which if you have time,
what is located within the lease 3139 which is under application still ?
AND why did they make the application.
Remembering KAH holds the non U Fuels licence,
what to they think is under the ground ?

Therefore, how could anybody not think that EXTRACT's share price is not worth $10 plus is beyond me.
As already what has been discovered is within the league of the biggest find class and the discoveries have only just started !

___________________________________________________________________________


latter we can talk about guessing the leases 38 and 39 and what they could contain,
which might take some of Emeralds and Devander string out of them...smiling here.

the above should fire up a few, I think.

:)