take a deep breath, page-2

A few days ago i wrote to a prominant tantalum writer who is featured on many mining internet sites about the prospects of GIP.

As i do not wish to disclose the identity of the person following is a summary of responses:

1. the 2 main issues are the fact that it is
in Egypt (processors and end-users want stability and Egypt may not be viewed as secure and stable; especially with what happened to the other tantalum developer Tertiary Minerals.

2.GIP would likely benefit from conducting more project development.

3.contracting end-products from an exploration/development company has limited value.

4.there is a strong scenario for tantalum right now in the market. Stockpiles are drawn down.

5.The industry continues to put up a confident face regarding supply, but it is well known that new
sources of production are needed.

As you can see there are good and bad points with our GIP investment. Jack needs to get off his backside and get those deals done NOW as the time is right.