Chops / Tony:

GREAT job on AGM reporting. I was going to add my 2-bits (...just got home now), but I really can't...you guys covered it 100%!

A few other tidbits:

- I counted about 40 people in total. There WERE a few (non-management) "suits" there. It, surprisingly, turned out to be quite a warm day here in Vancouver, so most retail guys were wearing shorts. (I did a double-take: the 2nd shareholder to ask questions WAS very well dressed and I thought was a dead-ringer for Warren Buffet!) LOL

- re: will Teck be taking-out everything? (i.e. Agreement lands as well as surrounding area). I liked/laughed when Elmer responded: "...I CAN'T say [...paused, but then added...] but if I were Teck, I would take-out the whole thing..."

- I overhead part of the scrum with Elmer after the meeting: I believe we had, at one point, 3 drills turning, but 1 ran into mechanical or terrain difficulties...2 are still going at it. (I, unfortunately, neglected to follow-up as to where, exactly, these drills are).

- not that I think we'll have any B.C. properties by the end of 2012, but Elmer responded to a comment in the scrum that he believes the B.C. government, under EITHER the Liberals or NDP, WOULD allow a project like this to go ahead...there are simply too many positives (including nice, high-paying jobs and oodles of government tax revenues) for it to not proceed. As noted by Chops, Elmer reiterated in the presentation portion that not only do we have lots of pounds in the ground, but that there are a lot of OTHER positives factors in play here: 1) we can get it out of the ground very cheaply; 2) decent weather (...low precipitation means less mud and snow); 3) great environmental outlook (...no fish; a very low percentage of acid-generating rock); 4) friendly political jurisdiction. (He asked rhetorically: what good does it do you if you're a cheap producer in South America subject to geo-political risk, or a have a very large deposit in Alaska [Dynasty] that is in an environmentally-sensitive area?) He seemed to be stressing (...to perhaps the suits that might not know the whole story?...) what a good thing we've got here.

My guess is that they want the FS checked-over and checked-over again and again, because it is my opinion that they want to give Teck something to give to their (Teck's) shareholders, as well as to any potential JV partners. (I, like some other people here, think that once Teck buys us out entirely, they will sell-off a portion to a potential partner, allowing Teck to pick us up for a net cost of next to nothing [...once they sell, let's say 50%, of their 100% to another big player). (Even if Teck makes us an offer before the FS is released, you have to figure that it would be complete enough for Teck to use internally for their own purposes).

As was the case last year, I left the AGM quite "confident", for lack of a better word. I can't quite put it into words...it's more of a "feeling" (...or "sixth sense")...these guys know what they're doing (...irrrespective of the odd glitch/delay along the way). (You know how we sub-conciously form an impression of a person in the first few seconds of meeting them?)

The wait has been painful to say the least, and the last day of summer is September 21st, but, I dunno...I will somehow sleep a bit better tonight confident in knowing that this COULD actually be "the BIG one!"

Chill!