I have been sitting back stewing, as has everyone, it seems, about this interview today. That it pisses a lot of us off is an understatement, but being the type of person I am, I had to try to analyse it productively and see if there were any positives in it for us.

One blatant omission was in the discussion of metal prices, and how they have fallen 60% and more. There was a very distinct effort to not include gold in the list. WHY?????

Windfall. If one recalls the third qtr last year, there was great to do about the chunk of ore that came out of one of the blastrounds. It was great. It was found where they didn't really expect to find anything. That was the last real news about Windfall until they announced that they had completed th ramp and were putting things on hold for now. They didn't say there was nothing, just that nothing more was going to be done for now. That has continued to be their stance. Lately they have said that there is nothing there, but I would guess that they are simply not doing anything. They did say that further exploration at Windfall would require at least a committment of 8-10 million. This money would have to come from somewhere. Everyone adamantly detests the thought of further fundraising, and loves the fact that the burn rate is down to 1.5 mill a month so we can continue as we are for the foreseeable future. I think the thing that sticks in everyones craw here is merely the fact that they are not taking the time to properly inform us as to the real reason, and maybe the fact that they ignored gold in the above discussion ties in here somewhere. Certainly, I think even at ROF, there was a better showing of gold and pgm's than there was of silver,which they did mention.

FWR. If one assumes that this was a rehearsed interview, which I am sure it was, why would they put so much emphasis on being much further ahead of anyone else.(only FWR and SPQ have anything substantial to date). Do they feel threatened by the other players in that they may overtake them as the principal player here? Or are they trying to take any attention away from the thought that they may be negotiating with these other players?

I also find it very intriguing that they will still be 4 weeks doing survey work on both grid 1 and 2. Also that they will be continuing to drill off BB2 with both drills during that 4 weeks. At 2 holes per week for each drill they will have a huge # of holes in that area, and one would assume they must be hitting on a good portion of them to be continuing.

The above is written not so much to give the BOD and the pair of monkeys any credit or benefit of the doubt, as it is to try to analyse the situation as it is so that we can better make investment decisions.

The bottom line is that they could resolve this whole problem by being more forthright with information. For whatever reason they have chosen not to. They proceed in this manner at their own peril.

Regards

K