offtake

Copper was visually evident in the first drill confirmed and improved on by assay results. No such sightings in the second drill. On this basis the second drill assay report is unlikely to bring good news.

I was wondering what might kick the sp along or at least help it to tread water, and I went back to the last quarterly where it states an MOU on the offtake is likely before the end of 2005. That didn't happen and it is clearly running late. (No recognition or explanation from the company. Too busy with the drilling at Gunson, they only have a staff of two including the CEO)

Other companies have had quite a dramatic upgrading by the market when they have announced signed up customers. Hopefully GUN will make this announcement soon.

Pagarsi