today's value - 36c, page-15

Hi Meph & Ians,

I agree generally. I can't see any reason why Entree would want to back out of the deal. It's such an attractive deal for them. Why would they let it slip through their fingers. They are about to spend US$1.1M doing the first serious exploration (including 2,800m of drilling in 7 holes) on Blue Hills West (Blackjack property). If this were to come up with a significant oxide copper discovery or sulphide copper discovery (both of which are highly possible), it would make them look pretty silly if, in the meantime, they failed to grab hold of the adjacent ground (i.e., Pacmag's Blue Hills & Ann Mason ground, where about 70% of the Blue Hills target is located) ! Also, the fact that Pacmag's adjacent ground already contains an NI43-101 compliant inferred resource of 7.1 billions pounds of copper at Ann Mason is a pretty compelling reason to snap it up !

Rgds, W.