czech clarification, page-49

Shasta/Archer

We have all liked the 'potential'

I have always been focused on Uran as an imminent producer who forecasted production in the top handful of hopefuls.

Once Uran embraces Czech applications, Bulgaria and Kaz it is taking itself 'away from' the PRIMARY focus and advocated plan of production within 12 months.

Ukraine acquisition will quell all of this discussion as we will then have our PRIMARY project. The other projects will add value along the way.

If we are all honest we know damn well we arent interested in the Czech 4 year plan....and if Kate Hobbs is honest thats what she would say too.

We know this because in 2006 she gave us conservatively 12 months to production.

The approach now is 2012..Profits per pound will be halved.

And a pattern emerges.

Do you see the pattern here?

The opportunity is with Ukraine and Rozna. Is our current management 'doing' enough to secure these projects?

I do not know the answer to that.

I do know so much rests on Ukraine developments.

The Czech developments 'at best' this year will get Uran somewhere in the vicinity of the 'other' players.

Most of those are 50 million MC.