Tara Gold Resources (fka TRGD)

[Bobwins]

We have 30% of the original San Miguel land that we JV'd with Paramount. They later bought more land and are moving into a JV with an adjoining landholder. The new partner needed cash and Paramount had it. Paramount just got bigger and Crupi got land and people in the deal. It may not affect Trgd.pk, depending on the drill results from the Mexoro property.

If Paramount decides to focus on the Mexoro side of things instead of San Miguel, Trgd.pk would be hurt. Since they have 70% of San Miguel and only 50% of the Mexoro JV, that doesn't make sense. However, if they eventually take over Mexoro, things could change.

It's not fair but Paramount could focus on the Mexoro property and leave Trgd.pk hanging. Would they do it? I doubt it. They have spent a lot of time and money developing San Miguel towards a world class mining project. Why start over, even if it's next door.

We've always had the same risk. Paramount could have focused on their Peru properties if the drill results had been spectacular. They have spent almost all their time and money on San Miguel. They are close to either making it saleable or developing it themselves. I just don't think they would want to miss this window in the precious metals markets.

I doubt Mexoro's property is nearly as advanced as San Miguel. Obviously they had trouble raising funds or they wouldn't have given Crupi the keys to the company.

Bobwins