I listen to the presentation and was hoping for something I didn't already know but was disapointed. After sleeping on it I realised that there was good news presented by Fung.

We got clarification that there has been no changed to the Mine Operating Contract. This should put to rest the agruments we've seen that Kry will receive a smaller percentage of the profits.

We got claification that the mining plan itself hasn't changed. This should put to rest the arguments that Kry would be forced to redo the plan for under ground mining causing more delays. This also closes the book on combining LC/LB into one mine.

Fung didn't give us the news we wanted buy he did tell the world that Kry has meet all their social obligation and are continuing to meet them. The have agreed to the change the foot print and have confirmation from Garci that they comply with MinAmb requirements. Fung has told us that Kry has keep their legal options open by continuing with the formal appeal. We have a real time frame on the 90 days with Kry publicly saying late October.

The only down side I can take from the presentation is that we have a few more social obligations added to our plate. This only changes the overall cost of doing business which will affect our final buy out price. This is more than offset by the slide that shows as gold prices rise out reserves go up.

Gold is getting killed today but anyone buying us will beleive that gold is going through the $1000 mark so you can move the graph forward to see what our reserves could be even without more drilling.

JJ