Ann: Diggers & Dealers Presentation, page-114

I agree Sammy, NST are definitely not sloppy, and Bill has the greatest respect, so I'm wondering why they bought in between 30c and 35c. Somewhere along the line, there was a large miscalculation by NST, and by us few here.

I would love to talk with Bill and get his honest objective reasons and opinions for why he thinks EAR has fallen from 35c to 13c. If you know him, he might talk with you.

I hope EAR are not going to raise funds via a capital raising at something like 10c to 12c, because of the dilution. I would rather they get a loan from Sprott at 7.75% + Libor, or thereabouts.

Gw