Ann: Musgrave Exercises Pre-emptive Right to Acquire Cue JV, page-13

I hope we are on the right track Auge, it looks good to me especially now that the company has booked 352,000 ozs. It probably needs to boost that to over 500,000 ozs before the punters sit up and take notice but I think RW is confident that's a reasonable objective in the short run. I think he called the 352,000 ozs the "tip of the iceberg" in his BBR interview. And he is not one given to hyperbole. With the purchase of the remaining 20% of the tenements he will soon need more cash but that should not be a problem unless it is with Patos again. But it does mean more pressure on the sp. He may have enough to get through the August drillng at BoDay, find more ozs there and then go for a CR. But we will see. Still waiting on then assay results of the last few holes on those base metals prospects. Be nice if they surprised but don't expect they will. The big prize is the gold along the Lena and adjacent shear zones.