Ann: Cape Bedford Exploration Update, page-16

Taking a critical look at DRX the final bankable study involves as precise as possible calculations of all aspects of mining, personnel, transport, marketing, sales, taxes etc. Normally such an involved study will result in a meaningful result showing possibly a very substantial reduction in all costs involved in bringing the heavy metals to market. I.E. CAPEX. Combined with roughly a 30% increase in product price ( which incidentally is predicted to go much higher) and the early success of the silica mine along with Tick Hill slated for gold production I cannot do other than predict a healthy rise in the share price which to me is abominably low. Although as I've said many times before, our biggest threat lies in a buyout offer that would not reflect our companys' true value.