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Message: Shareholder Communication

Horse, a few other poker analagys:

1)"The mistakes are all there, just waiting to be made."

Mr. Bob points out that IR has been nothing short of "inept." In spite of their "ineptitude" they have made a fortune at our (shareholders) expense!

Mistakes were made! Whose fault was it that IR wasn't called on their "BLUFF?" I've watched them perform. Their eyes don't "tell" the story. Their "actions" are dreadful! Apparently they will be at the Vegus show. Keep them in the cardrooms and out of the booth, at least then the "locals" will reap some benifit!

2) "Get the maximum with the minimum!"

IR must have "studied" the book on this one. In corporate terms this is the role of any and all IR depts, its not meant to be construed as "selfishlly filling your own jeans!" as our "boys" have done. Murray, the meatcutter from TO, also Rob McEwen's mentor, was a master at telling the "story!" He "stretched " that story into the Hemlo and Eskay Creek at prices that were the envy of the market!

Murray would "debone" a stock, add a little meat to an already good story and "run" with it. Our boys take the meat off the bone, throw the bone to a few "hungry dogs" (peasant SH's) thinking out loud, "there you mangy mutts, that's breakfast, dinner and supper! Now don't bother us!"

"Sizzle with the grissle!" (Keeping you hungry, stimulates the appetite!)

3) Poker can be very frustrating . . .

"Tell" me about it. As Mr Bob says, "San management is "playing" this one "pretty close to the vest!" (Communication?)

The difference between a hand of Poker and SAN is in Poker there is only 1 winner, with SAN everybody in will ultimately be a winner. (with or without IR or "communication!")

In spite of the fact they've had the brakes on the SP!

In both games the search is for, "max profit and maximum value for the shareholder," (player) to quote my meatcutter friend, Murray!

Having said all of the above, most of which is unadulterated BS, in either game we're never more than one card or one "glory" hole from a winner!

With SAN we've already seen some "glory," it's time to up the Ante!

In this one as in poke, "Infinite patience will yield immediate results!"

RUF



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