Binder: Summary of next steps from the recent President's Report:

In short, both my team and I believe strongly that the FS will demonstrate further the value and potential of this project - beginning with the primary focus on the Ormsby open pit. As with any mining project, we will have other hurdles to clear before we are in production. We are actively advancing and building on the cornerstones of this process: the FS and the Environmental / Regulatory phases. Once these are completed, project financing and receipt of all operating permits will commence, leading directly into final engineering, procurement and construction. Our current schedule shows that, if all stays on task, a 2014-2015 start date is eminently achievable.

Ike