status of discussions with okimo, page-3

MOTO has Sir Sam Jonah who would be considered to be the equivalent of a Paramount Chief and has an influence way beyond that of most if not all OKIMO officers.

He won't be interfering without good reason but if he found that Eckhof is correct, he could.

I don't know if some from OKIMO are engaged in obtaining cheap MOE/MGL shares.

The resource base is massive; I suggested 16 mill ounces on 1 July but they already produced 16.1 mill at the beginning of April, setting themselves up with an estimated 20 mill ounces on 1 July, a project of world importance. That would give MOTO about 62% or 12.4 mill ounces, depending on any rearrangements.

Not only that, but the Indicated resource grade has improved from 2.5 to 2.7 gr/tonne and because the remaining inferred resources have about 3.8 gr/tonne, any further increase in indicated resources by infill drilling will bring the Indicated grade up past 3.0 gr/tonne.

They could drill more after 1 July of course.

It is unlikely that Sam Jonah would serve as a Chairman of a dishonest MOTO; also any socalled dispute involving Jonah and this massive resource would certainly draw the attention worldwide.

It is possible that a Congo Govt may remove any impediment by removal of officers, that I don't know.

Gerry
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