Re: Patrick’s sale, our board and his financial advisors have been encouraging him to sell part of his position for about a year now in order to diversify his financial portfolio. Having all of his personal wealth tied up in Aurelian does not make sense. He sold 20% of his total position and invested in real estate so he has a home now. The timing of the sale does not reflect a change in his views about the company’s future, only that it took this long for his advisors to convince him to sell a small part of his stake for financial security. No offense to the analysts and pundits, but he has been hearing for over a year and a half about how the company is going to be sold any day now and it certainly hasn’t happened. He needs to plan for his future.

Financing: We are well-financed for 2008. There is no doubt that some banks may see a longer-term opportunity as we start to present our development story. It is still too soon to say how we will finance the mine or when

safeharbour