I was at a presentation in Sudbury today at noon by Christine Kaszycki, Ring of Fire Coordinator, Ontario Ministry of Northern Development, Mines and Forestry, so I missed John's live interview.

I just listened to the interview now and I thought John did an excellent job in the short time he had.

I particularly liked the comparison between the production levels of the one producing Russian asset and CMM's mine in San Juan. The figures where:

WTG Asset......6.5 OZ gold per day

San Juan Mine..52 oz gold per day

His point was that the WTG vend in is miniscule compared to the CMM vend in and we could offer just our San Juan mine and still be offering more value than WTG to the merger. We would then still have Lamaque, our Hemlo property, our Juno property in Alaska to name a few of our other assets.

John also made the following points:

-We are not opposed to the merger but we are opposed to the terms of the deal.

- We are glad that this is a plan of arrangement because it has to be approved by the courts and many regulatory bodies including the TSX and the venture exchange ...so they will be examining it. We just hope they do their job and will protect the minority shareholders of CMM.

- it is hard to imagine how independence could be achieved in this proposed deal when you have a shareholder that has such a large stake in the company being acquired?

- the CMM sp has descended because the CMM shareholders either don't like the terms of the deal or they don't want to hold WTG paper

I just got off the phone with John and he is very dissapointed that he had so little time on the interview because he had several other important points he wanted to make. (he was bumped by the previous interview).

SN