Hi,

I appreciate the updates from your discussions with Bob etc.

There is a lot of potential upside here if they the company can demonstrate that there are diamonds at Mud lake that correspond to the quality of the indicator minerals.

This time around, the approach is a lot different with a lot of preparatory work being done to maximize the benefit from the forthcoming drilling season. With this in mind, I think that the chances of finding a second kimberlite at Ticho are getting better.

As with any junior play, it is fraught with risk, but much of the downside risk has evaporated with the s/p at its present level. We just need to sit tight and sweat it out a while longer.

Good luck to all on the board.

peterjr