Many were disappointed with the results from Hole 72 which...

Many were disappointed with the results from Hole 72 which failed to extend the high grade located in Hole 64. In the scheme of things, and given that we are dealing with a large, low grade resource, these holes are almost immaterial in the bigger picture.

Some Directors had, for personal financial reasons, sold some shares or options and many observers have taken this as a lack of faith in the Company by some Board Members. David Timms used the proceeds of his sale to exercise his options thus returning cash to the Company. Other directors transactions were very small but regretably created the wrong impression.

This presented a good opportunity to accumulate more stock in the dip below 8 cents.