A Word of Warning, page-63

Hi AS,

I am curious, as I have been watching the stock, and all comments need to be considered, so just my 2 cents worth.

From what I can gather, management has significantly changed, from when you were working at the mine, is this correct? Therefore, the actual operations maybe significantly different to your experience?

From looking at many other mining hopefuls over the years, it would seem the 'old timers' did indeed miss quite a significant bit and often. Maybe they went left instead of right, and on a gut feeling, doesn't mean they covered it all and left nothing of significance behind.

They certainly didn't have the technology we have now, and even now some don't do the necessary research to get the whole process right. Many idiots out there who pretend they know what they are doing, when in fact they don't.

It would appear, even newer miners with technology, can still miss the mark depending on how much time and money they have to explore, so who really knows what is there.

Seems the current management are at least delivering on what they say they will deliver, and that is a start for this end of the market, as it doesn't always happen all the time.

I agree low grade processing isn't profitable, but I guess it will depend on the grade the current operation produces, and that is yet to be measured, and can't be done just on historical accounts, where inappropriate processing at that time wasn't economical. So we wait and see.

I guess you will be less than impressed if the enterprise succeeds, and thrilled if it fails as you will feel vindication for what ever went wrong in the past.

Things change, it could go either way, and won't be known till the grades processed are released.

Your past disappointments on any level, don't seem to me to be the current management's responsibility for any loss you incurred in the past, and what decisions you made then.

I respect your post, as I have been there too, and learned a lesson, however, I don't bag the stock as it was my decision to hold. Stocks go up and down, for many reasons, and management come and go, and some are better than others in achieving results, you can pick it right or not, and always remember nothing is a sure thing.

Just the nature of the spec end of the market. You have a history with this stock, however, it doesn't mean given the changed variables it will deliver the same result. I watch with interest as well, but I guess for different reasons.

cheers
gsmaree