general meeting, page-34

Hi Pararmour,

I think SIMMO was trying to get the point across that this is a significant deposit of U308 and that perhaps, it is not the fact that they have a million pounds, but multi millions of pounds and in fact are very undervalued.

When you take into account the cost of setting up a hardrock gold mining plant (say 350 million) not to mention drilling and exploration costs, to the less than 40 million to build PENS plant in Wyoming, the significant value in the 1 million pounds of U308 is realized.

Thats the context SIMMO was eluding to. Now times that by 15 and maybe, just maybe 50 to 70 times and thats a sh*t load. Hope this helps.