Conclusions -

Take a very quick look at the gold mining companies you know to see how their share prices are faring. You can say this is not a bull market.

On the change in the board, I have to say that I had some expectation of a change. Shouldn't there have been dissent in the board? Then again, none of the board members so much as bought any shares on a consistent basis with the exception of the big 'Netolitzky-a-bowski.'

As I was reading through the 1996 annual report of Viceroy, you see the same shyit-eating grins in the photos and posing with doré bars. Has the company turned the corner, now that the same management from Viceroy is now sitting on the board at GBN.V? The question I have is will the company now be presented in the same way? A growing, producing gold company with solid finances?

I would say that having Procon on the board may satisfy any landclaims dispute that might arise out of the recent Attawapiskat political gamble. But then again, fears may be justified that this might not be good for shareholders if they were given half the company in payment for work done.

Of course, as a shareholder, we were meant to be kept in the dark.

-F6