Ann: First Payment Received for Ulysses Ore, page-6

I closed out today at 2.4c, after entering for that price 6 months ago. Sorry to say I do not see any upside to this stock with the POG at current levels (and going backward) and can see this back at 1.6c soon. They will make 4M from short term mining at Ulysses and the remaining 15M of the market cap is at best fair value for what remains at the Viking and Ulysses tenements on known (and reasonably anticipated) reserves. Far too risky to hold into an uncertain future for POG in my opinion and not worth waiting for the recent drill results noting the likely decline in the POG between now and then. In summary, this will NOT be 10c by Xmas as some suggest, I think sub 2c a lot more likely. GLTAH