share purchase plan or operating issues, page-4

Hi again Pat,

I really didn't make a comment on the statement you made about getting 100% of Irvine. Yes, we did the transaction very quickly which was best for both parties.

Having 100% of Irvine is a real godsend for us. Yes we had to dilute and it would have been nice to raise at higher prices, however there is no doubt in my mind that the extra 50% is very important to us strategicaly. We can now do with it what we please and it is worth a lot more in our hands than what we paid for it.

Time will tell. the fact we now have cash in the bank means we have time to do whatever deal we want, if we want to deal at all. Trust me there are people out there who would love to own 50% of Irvine.

Cheers, Tony.