update on the deal, page-6

Thank Waiken, the merger provisions seem to indicate that there may be a 'best time' for a second bidder to make an alternate bid, the most likely point being after the first court hearing due to fact that it is at this point that Entree might be at its weakest in terms of being able to respond. This is good for us from the perspective of receiving a higher bid from someone else, but not good if we want Entree to be well placed to further up their offer. It will be interesting to see what transpires after 22 April and whether Nevada Copper's new found capital gets put to good use.