chart, page-9

Sometimes,not always,the project will sell itself.If you are correct about management we shall find out very soon. The PFS will put the acid test on the company to do a deal as they will need the money to finalise the BFS.

A lot of Chinese mining houses have become far more cautious as their access to easier bank finance has been restricted but BaoTi would seem to have enough readies if they wish to do a deal.

I am still happy to hold and buy in the bottom of its recent range despite managment perceptions. The fact they have not spent money on website maintenance is meaningless. Far better they go the mining conferences,as they did recently, to spruik the project.

time will tell.