rights, page-60

- the mayala are awaiting on Irvine so they can have jobs

- the Oct 14 options are to be used to pay WEG out (assume they in the money)

- 6 months worth of mining profits to Oct 2014 flow directly to PLV (less 3% on WEG sold ships) plus current CR (~$22M) to pay off our (WEG's) debt indicates PLV will be in a far stronger financial position later this year

- IF they tear up the agreement and start the games, their existing debt to PLV is back in play (~$20M - will be ratified by KPMG as CIMJV auditors)

- stage 5 resource model should be confirmed by July 2014 to entice potential JV partners (assuming WEG are gone, IF not WEG are going to have to find 50% of $82million for entire stage 5 seawall over 2 years, any chance you think?)