potential, page-8

Not at all Rex. I don't think the project is draining money so why drop it .... Paradox Basin Resources (PBR) has a valuation in the $16,900,000 to $25,000,000 range according to the report I posted. The Average preliminary
valuation is $21,000,000 and the valuation target is juicy if permits are granted, drill success etc)..... TRH's project is similar to PBR and is not valued in this range if you subtract Cash, RAD shares and possible thermal coal.

If you search on the internet you will find details of Lisbon KPLA extension documents. It is discussed in the letter. That would mean the BLM have made some progress since preparing the letter.

You have to remember that this was the letter received by TRH over 6 months ago (June 2010). The September qtrly was positive but the project is a sleeper and taking time. It is testing our patience.