Ann: New Chairman's Address J Whiteside, page-6

Same old story. Hear it every 3 months. All talk and no results. Just like our government. Why is the silica evaluation taking so long? Still being processed after 4 months+! Something wrong there. My guess is that it is not viable and they want to hold off the results as long as possible. 3 or 4 months into the study and not an iota of any results. Everything pending. Sorry to sound so pessimistic but after 6 years of putting money into this (cess) pit, I think the time has come for them to stop talking and start producing results. I predict the next quarterly report will be a cut & paste of this one.