Ann: AMEC Convention Presentation, page-18

I doubt blue bird would fund more than 50% of the project ! They would more likely provide sau with a loan of some sort to bring the Project into production and sau will pay them back with interest once producing gold ! Sau could also give blue bird 50% of some of their other South Korean projects in payment for blue bird putting up more capital to bring these old mines into production, just a thought (our other South Korean tenements are worth a bit). Although I believe none of this will be necessary as cannon underground will provide us with a nice amount of cashflow over the next 18months, once Nst get their sheet together! I also think cannon will extend a long way underground than what the current resource outlines ! Just my thoughts! Cheers ST