Tipping Point, page-6

Waiken,

We all appreciate your enthusiasm, but to describe the company's NTA as being readily tradeable (convertible into cash) is disingenuous.

Apart from Solgold and maybe AJQ, what do you think will happen if DGR tries to convert the other companies into cash?

And the after tax NTA is just over 20 cents. So the discount isn't that massive from this angle.

NM spoke a lot of the need for patience in realizing the true value of these assets, invoking the example of arrow energy.

I know a lot of you sceptics are already writing this off as something strictly for the retail birds.

He did speak of Solgold and AJQ as being close to that stage though. Of course his idea of close might be quite different to what you and I have in mind.

If they happen to be sold for a lot of money, we as shareholders (and Tribeca as note holders) hope to be rewarded in a way we weren't when Orbis was sold.

That is when the institutions might be convinced in the DGR model and close the discount.

Right now there is unpredictability as to the company's ability to continually build successful resource companies that will return money to DGR's shareholders, or simply end up feeding another sub.