• news release from Vale on drilling at Suwar – 6 - 8 weeks
• Bids on sub contractor drilling, in progress
• Al Hariqua: Saudi - Arab consortium JV in negotiations, previous major backed out due to market conditions
• 2 top Vale geologists from Voisey's Bay, in Suwar,
• From Cf, geologists commented, "one of the top 2 deposits in the world right now"
• Vale Cantex – smooth transition
• Share roll back approved, no plans to implement any time soon

Hg