Hello Luker.

In your immediate response—that probably “adequate contractual protection is in place...as this surely is not [Dr. Smith’s] first rodeo”—you pretty much put to rest the little unease I had concerning Fancamp being legally entitled to the exploratory documentation in the event of a default. Your last message reinforces your original point.

I agree that it stands to reason that the present environment amongst Canadian exploratory companies “is more collegial (a sort of ‘Band of Brothers’ ) as a result of the TSX-V maelstrom” than it is “adversarial in nature.” Your logical line of reasoning completely puts to rest the question of Fancamp having any need to refer to the contractual language of their agreement with Bold in order to retrieve the exploratory documentation.

Further, it now seems to me (after considering your ideas), that it would make no sense for the geologists at Fancamp and at Bold and at KWG to be doing anything other than regularly consulting with each other and exchanging all the latest geological information on an ongoing basis. It seems to me, your sentiment is that we stand to achieve more cooperating with each other than fighting each other.

Moreover, it seems to me, your opinion is that the “collegial” attitude now prevails as it should. I agree with you and can think of no reason to disagree with your assessment.