2010 was quite a year for KWG. We started off the year with a share price of .075 and went as low as .05 and as high as .15. We had a lot of activity and one of the highlights was the effort of our "big brother" Cliffs, in trying to aquire both us and SPQ for a pittance back in May. We thought we had them stymied when we worked out a merger proposal with SPQ only to be left at the alter when SPQ capitulated and accepted almost every offer made by Cliffs. We heard on BNN from SPQ management that they could have probably have received more, but did not wish to continue the fight, or words to that effect. We had good news on the railroad and wait anxiously for results on that in the very near future. I have also heard that our management has made several trips out of the Country trying to secure a White Knight so we can escape the clutches of Cliffs and receive fair value for our soon to be 30% share of Big Daddy. You would think some conglomerate would see the great value in our chromite resource and come onboard for the excellent profit to be made from BD. Our core sample sent to Xstrada Labs should be out soon giving us some excellent news on how good and valuable our chromite is and also with the drill program commencing early in January, we should have some very positive news as to the size of our resource. We are the BD operators until April 1st, 2011 and hopefully by that time we will have truly proven up the resource size and have greatly increased value for our shares. I personally feel that 2011 will be a pivotable year for KWG and although we may not get a great return, will certainly get a good return on our KWG investment. I would like to wish all a fantastic Christmas and all the best for the New Year. rj