Another piece falls into place. Lots of stuff has been happening in the last while and there's more to come. We haven't seen the good stuff yet but someone has. That someone seems to be Baosteel.

It's all making sense, one step at a time. And in mining time, this is moving pretty fast if you think about it. The discovery of Eagle One was made in Sept./07. Less than four years later, we have a major Chinese Steel company as a large minority investor that will become (it appears), a major investor in the not too distant future.

What's not to like about all this ? I don't get some of the negative comments. It would seem to me that Wes Hanson, the BoD and Mgmt. are moving this project forward to become a mining company (with partners). To me, this is better than a sell-out at $5 or $7. Yes it's taking longer to get the SP up to dollars, instead of pennies. But the potential SP of a mining company is much more attractive than a sell-out.

And for those who talk dilution with the options and PP's and cannot afford to buy more to compete with that, bottom line is that if you had 1,000 shares and the SP goes to $10, then you still have $10K. Nobody likes dilution but I've accepted that it's part of the mining business or they wouldn't have any money to mine the deposits. Or pay for high profile management & Directors, who without them, we may not be talking to China and instead, would be just another cheap buyout, a la FWR.

All IMO of course and I do expect that some will disagree with some or even all of it. That's okay, I'm still glad that I said all this.

strato