convertable debenture, page-2

Hi Oily,

I presume you are talking about the $2mil funding provided by Anglo?!?

I recently read their 2008 annual report. I thought that this due diligence and amount paid was supposed to be all done and wrapped up by the end of September.

See page 44 of annual report.

I am just waiting for 1st quarterly report for added assurance. If they get over this short term funding issue, Mun sp will be a steal.

Their current market cap is below their total asset value and they are at the start or production aimed at getting an annual EBITDA at half their market cap. Only downside I see is risk with short term funding.