Ann: Project Update - September 2010 , page-4

goarmy

It should not take much imagination to realise that MUN is still a lose making operation this quarter. The turnaround can only happen if they develop the Crista project, which is to start next quarter (November, I think). So why are you repeating yourself - it is senseless.

I liked the report. It was an attempt to keep investors and the market informed on the company progress. The market also liked it and the share price has gone to 12 cents.

The new Chief Operating Officer seems to be a positive addition to MUN, and I am hopeful that the December quarter and especially the march 2011 quarter will show a marked improvement. The Keith Goode report on MUN may yet prove to be correct and MUN could be around 30-40 cents by around August 2011. I will be very happy with that, but those who bought a long time ago will continue to moan and groan until the end of their days.

loki