Spotlight on American Rare Earths, page-670

For those not too crash hot with a calculator, I believe our worst case / best case scenarios for the new exploration target might be the following:

600 Million Tonnes of Ore @ 0.3% Average Grade of TREO = 1.8 Million Tonnes of TREO

1,000 Million Tonnes of Ore @ 0.4% Average Grade of TREO = 4 Million Tonnes of TREO

P.S. I believe our original target assumed a mineralization depth of 30 meters, the same as La Paz. We are now from surface down to 100 meters, and open at depth. Maybe the new target will be down to 130 meters? Can't wait to find out. Yes, both Chris and Marty have let the cat out of the bag, but the market may not get it until the official announcement comes out.