Gold Exploration in West Africa

[FL]

I looked at Etruscan first because of Samira Hill and the idea of investing early in Niger (one of Africa's least-known countries in the West). But A. Etruscan has South African diamond properties -- I don't want diamond mines -- and B. after studying the situation, I liked their Samira Hill partner Semafo's set of gold properties better than Etruscan's. (Back then, that is. Etruscan now has some new ones.) The Franco-Moroccan management (Managem) at Semafo/Samira struck me as a plus, though other investors may disagree. Also it seemed that Etruscan had slicker P.R. (which I don't like to see before I buy). So I got some Semafo for C$0.85/share in late June instead of EET.

(Tuesday my West African golds rose nicely for a change. I didn't sell Orezone (OZN) when some of you say you did -- I'm holding tight.)

FL