j p morgan is the seller, page-32

Pepper

There is no point in finding 10m ounces and then deciding to go into production. CRK already has a 4m ounce JORC so all they need to do is have sufficient reserves to start a 60-100,000 ounce mine and expand it later as more reserves/resources are proved up from the mining profits. The question is really what Frank Carr wants to do - does he have the ticker to become a miner or does he just want to sell the resource to some big player such as Barrick.

We small investors are just pawns in Frank's plans. We can either sell or hold or buy more on dips such as now. This share could take years or months to go much higher.

loki