Any ideas for the board for new aquisitions?, page-3

Hi Katy,

It's not quite $4.5M in cash...estimate 4.5m "including assets"...what are the non-cash assets and how is their value derived and when? Not entirely clear. Problem is, what they are calling cash is not actually cash in the bank, it's monies that have been loaned to undisclosed entities at undisclosed terms. Each time any monies are repaid, pretty much the same amount is then loaned straight back out. Actual cash at bank is merelty a fraction of 4.5M.

The BKP boards skillset lies more in the finance arena than mining, and something tells me through prior board responses to shareholder opion...they may not be too interested in what other shareholders think either way.

There is a small chance Elkedra may be worth something, and a smaller chance still that an operator may want to take a chance on the 75k2 of surrounding lands, but all a big gamble. If Statoil walk away from BKP tenements there will be little left but some receivables debt that we're not told the terms of and ongoing driector fees, that's about it

Lobsters and Iron sands didn't go down well with shareholders, but that did not seemingly have an impact on the boards decisions or actions.