Fellow share holders,

I won't be attending the SHM this year, went last year, came away feeling it would be awhile before we started trading upwards. I never thought we would trade south of last years price.

I wish I could attend this year but can't. Go with the knowledge that the tailing's will not cause the share price to increase. Listen to what RS says, get a feeling of what is happening in and on the mountain. The road closes to Silver City and access to the upper part of the mountain I believe in October. I don't see any drilling on the mountain this year, time is running out. I hope things have progressed to drill inside the mountain. Hope you find out that is true. They will tell you a lot of things, mostly things you already know. The mountain is the key. Bring us back as much as you can.

lleno