+ about 11 mill ounces in ind + referred cat.+ , page-2

re: + more gold to come? "Prefeasibility Work

Activities in relation to project feasibility and development are ongoing and the Company is continuing to work towards completion of pre-feasibility work by mid 2006 and completion of a bankable feasibility study in 2007".

COMMENT: At the rate the Gold inventory is increasing, there will be some interest by Majors, I think.

Some of the Biggies operate in Central/North Africa and are constantly looking to replace the gold they have produced.

They even stop to look at a Jorc estimate of 2 mill ounces; so how about 12-15 mill ounces?


MGL (MOTO) to trade tonight in Toronto.

Gerry
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