Ann: Framework Agreement with MCCI , page-3

unfortunately, i dont think the market will take much notice,until there is an actual joint venture. And would hope one that is favourable to BGD.

it really just says, we'll look at these things, you look at those things, and if we later make an investment decision, then you go and do the bankable feasabilty study.

Its a tough market to please, but a step in the right direction.

I think the loseness of it, may even frustrate the market, after all, weren't MCCI all the go, after getting the 2x pre feasabilty, and how ROBUST it all was, yet no cigar. In a bull market, you would have had it all bedded by now. Then in the letter to shareholders, some meantion of difficulties with large capitol projects?

I think it is just saying, we're in a bear market, they are still there talking to us, making progress, all still friends, and we'll see.