There are five basic aspects to unlocking the maximum potential of our investment.

1. The first is WEM itself. We all know the potential here, it's the reason most of us are here and why we'll remain here. Obtaining the maximum return from it for our investment depends on the other four factors.

2. Management. So far management has been atrocious. The decisions made so far have cost us years of delay, dilution, and wasted resources and money. We may have finally turned the corner on this, with reall progress in the form of drilling (whch should have been done years ago) finally in sight. Drill results are the key to any buyout, which is the underlying goal of most of us.

3. Financing. A couple years ago when the sp was at .20-.30, this entire operation could have been funded to production with 100-200M shares. Instead, over 500M shares later, we are still faced with needing to fund major projects, probably requiring 100s of Ms of more shares. It all goes back to management, of course, since PQ thought he could fund everything with the waste ore. Unfortunately he ignored the standard protocal in the industry, whcih is to check first to see if your milling and refining technique works. It didn't, and we wasted years and most of the money available building and running the mill at a loss instead of drilling.

4. Greed. I realize much of what PQ and family have been paid is in the form of shares instead of cash so that they actually have withdrawn much less cash than most think. However, the number of shares they are paying themselves is obscene, especially considering the results of #s 1 and 2. My investment has literally been cut in half because of the dilution to give the Qs shares- over 100M this year alone. Dilution to fund the project is reasonable and expected. Dilution to line the Qs pockets is not.

5. Transparency- or lack of it. We all know this problem. The most blatant example is waiting 2 years to tell us the mill was running at atrociously low efficiency instead of the profitable levels we were led to believe. Frankly, I would have invested much differently if PQ had been truthful, open, and honest, and I would probably have 5-10X as many shares as I do. Unfortunately, this problem continues. The PRs I was led to believe would be forthcoming in the weeks after the SHM have yet to materialize, and we are once again reduced to relying on individual shareholders to supply rumors, or take pictures that we then scour for signs of progress. Maybe they should have given out magic eight balls at the SHM?

I left the SHM with renewed hope that things were turning around. I realize that progress is being made behind the scenes, but the market doesn't care about that. The longer we go without news, the lower the sp sinks, and the more my renewed hope fades back to the cynical point of just watching my investment and hoping that some day, some year, it will eventually work out.