some questions....and answers from cluff.

I sent an e-mail yesterday and go a reply today.

The questions....

1. Will there be an announcement in the near future with detailed plan on movement towards producing and further drilling in Vatovorova?

2. Is management intending to use some PR to make investors aware of the great potential of this project?

3. Will the name change to TRN occur soon after the AGM?

4. Is there any intention to start producing from current excavation before and while further drilling occurs?

5. Is management planning to get CFROB over the line?


And the answers...

Thank you for your inquiry.
In answer to your queries:
1. Yes. More to come.
2. Yes. Several avenues are being considered and used.
3. Probably not, due to the unlisted options expiring at the end of July: this might create some confusion for optionholders, which we wish to avoid as the conversion of as many option as possible is an obvious goal. The name change will probably not occur until then.
4. Production will effectively be occurring as soon as excavated materials are processed and gold extracted, however larger scale production will take longer to arrange. The exercising of options would assist in moving the company further down the path to achieving this.
5. See comments above.