license ending soon?

Hi all

Just had a look at the presentation material (January 2011) and wondering about the licenses held by the company.

It says that License 1 (Sorochynska) granted August 2007 for 5 years and License 2 (Chernetska) granted July 2007 for 5 years as well. If I understand this correctly, basically the licenses expire August 2012 and July 2012 respectively (1+ year from now).

Any news about renewal of licenses as I can't find it anywhere. A huge risk in my opinion, no matter how huge the potential resources are.

Thoughts please.