You both are correct.... Following the money is key to success... It is the means of success that is also important. I think the deal with SKP has an inherent flaw... That being SKP has more to gain via WEL being held back.

It forces the focus on SKP, as they control now a larger % of the land position and exploration undertaken. SKP has essentually done nothing publicly that has provided any value to the WEL shareholder... in fact the deal is like being confined in detention for WEL.

As far as value creation SKP has done little to warrant it's increase in share value.... other than doing a JV with SGR they have done no reported work and have not drilled a single hole. There has not been 1 single news release by SKP related to any work being done on any of their properties or JV's in the past year. The enhanced value simply a preception of value created via the managment interrelationship to SGR and the efforts of the SGR/ SKP IR team in contacting investors on behalf of SGR/ SKP.... and at the same time making defamitory comments about WEL.

Personally I think WEL will drill more holes next year on the Jeep than SKP on the WEL jv'd Poundmaker property. This deal, in my opinion has simply been a way for SKP to minimize the value of the poundmaker project and WEL. I think a means to an end to aquire more of WEL's properties... or WEL. I guess this is what the money side is willing to do.... win by any means.... Not through the efforts of your work.... but through the efforts to thwart the efforts of your partner.

You would think that Hugh and company had made enough out of the Rice Lake camp... with the value of the stock and the funneling of all the SGR exploration drilling through Wynn drilling I should think that Hugh is waist deep in money by now!

I think SKP taking on the role of intervention on behalf of SGR managment in an effort to control the whole corridor. A secondary target upon the eventual sale of SGR.

GOLD FEVER! It's never enough untill you have it all!

As a WEL shareholder , all I'm asking for is that the undertakings defined in the JV agreement be done in a timely and fully disclosed open manor. That the spirit of the agreement be withheld. It wouldn't be the first time Boulay had come under the scruteny of the exchange... having had to pull the MMU website and the MMU stock positioned in the penalty box for several months a couple years ago.

JMHO

Marum extends Poundmaker option by 13 months

2009-03-17 15:48 ET - News Release

Mr. Richard Boulay reports

MARUM AMENDS POUNDMAKER PROPERTY AGREEMENT

Marum Resources Inc. has amended and extended its Poundmaker agreement with Wildcat Exploration Ltd. (Stockwatch press release Feb. 4, 2008). The amended agreement provides that the original agreement is extended for 13 months beyond the initial anniversary date of Feb. 1, 2008, and a new anniversary date of March 1, 2008, has been established. Marum's Poundmaker property exploration obligations have been amended to:

• (i) $500,000 prior to the second anniversary date;
• (ii) $1.5-million prior to the third anniversary date;
• (iii) $1-million prior to the fourth anniversary date;
• (iv) $1-million prior to the fifth anniversary date;
• (v) $1-million prior to the sixth anniversary date.

Upon the execution of the amended agreement, Wildcat elected to receive its annual payment in cash and Marum paid $100,000 to Wildcat on Feb. 27, 2009.