Just a lightning look ----Kulu disappoints.Explains my concern...

Just a lightning look ----

Kulu disappoints.

Explains my concern with AVM share price drifting back after hitting $2.00 - Assuming insiders adjusting valuation with impending report in mind.

Kulu , tonnes of copper produced per quarter.

7,078 4,749 2,572 *** (latest quarter)1,964****

The lower production at Kulu was due to lower feed grade (4.6% Cu), but mainly lower copper
recoveries (averaging 44%) from processing generally finer grained material. Artisanal mining
activity and erosion as a result of heavy rains appear to have removed a significant amount of the
coarser, higher grade material, with the remaining lower grade material having a poorer
metallurgical recovery. In order to gain a better understanding of the redistribution that has resulted
from artisanal mining activity and erosion, a surveying and sampling program is underway and will
be completed during the fourth quarter of 2007.