Ann: Agreement Signed With New Local Partner, page-6

Navy please don't expect anything concrete by the end of Jan. We have to remember that they are trying to get a mining and exploration operation up and running in a very remote area that is controlled by regional army/police in a very corrupt country. Seriously I am impressed that they have gotten this far. For me with a company this size that is very impressive and gives me faith in this management. I have been investing in small explorers for 15 years and this is impressive considering the hurdles. Whoever expected a get rich quick scheme should not have even considered this company.

Looking back they have tried an idea, tried to make it work, it did not work then they tried another path. Each time they did this they tended to get a little closer. This is just a new path and hopefully it gets us there - or very close. But the major problem still remains - a very powerful 'force' is controlling the area with great connections. We just need to hope that we have a higher suit now. We just have to wait and see.