United Resource Holdings Group, Inc. (URHG)

[themtharhills]

mclawhon,

The topic arose after we were told that written permission to move the pit had just been received the day before, and after the unofficial discussion about 3 million being a more accurate assessment of what was needed than 1.5 million. Then one of the investor/shareholders said he understood that digging at the new pit was beginning that day and asked the COO Dana Low to tell the shareholders about the projected returns.

Low stood up and said that their conservative projection was about $750,000 for November. He gave the estimated amount of gold per yard, number of hours per day, and number of days per week of operation which he based his projection on. (I think he said something about December being similar or better than November, but I don't remember when during the meeting this was said, it could have been at this time). I think the drought was limiting the amount of days the plant could run with the water it has.

The investor/shareholder then said that it sounded to him like almost 10 million a year. That is my best recollection of what was said, make of it what you will.

- TTH