Ann: Quarterly Activities and Cashflow Report , page-4

The real problem is that it all takes so long.

I thought that in January we would have recovered the first of the U3O8.

While I believe that the team at CUY are completely honest they are very slow in releasing information.

It seems that they are very close to actually getting U3O8 but I expect that they will have to move the array to another area where the U3O8 is in sufficient concentration for extraction.

Although the holes they drilled recorded high levels of radioactivity the recording method did not indicate the volume of U3O8. The new measuring equipment should provide suitable indications of U3O8 ready for extraction.

Let us hope that at the AGM we hear that extraction is progessing satisfactorily.