Strategic Review?, page-13

Thanks Droughtie,

Reiterates the game plan here.  

Korea is the main game here and its our huge misfortune that NST ended up with the Cannon mine contract and clearly has no intention of pursuing it.  This kind of stuff happens, but if WGX still had Cannon i expect we would have cashflow now and there wouldn't be any complaints from shareholders.

I'm thankful SM had the clawback clause written into the contract.  So far as i understand, we got $1.5m upfront, and we get Cannon back at the end of December if production has not started.

The $1m capital raise is small and leads me to believe SM has a new plan for Cannon starting January.  Either mine it of sell it.  

It should be worth $5-10m depending on gold price at the time of sale and how hot the market is.  

$5m should cover us until gold starts flowing from Bluebird projects.

I'm sitting tight.

It won't take much to rocket the share price.  Today $700 lifted it 14%