announcement good and bad, page-9

re: announcement great hi nowhereman

annual report states that everest north feasibility study will be completed this calendar year!!!

will have three rigs drilling to get the work done so very positive.

RE the current shares on issue, it is now close to 150M and i reckon 1 more capital raising will be required for EN to take it to 200M which is why i use that number for my valuation.

January/February 2007 could be an interesting time for slv with a healthy rerate.