Letter to Shareholders from the CEO & Chairman
April 13, 2010
To the Shareholders, 2010 is shaping up to be a seminal year in your company’s development. On February 15th we announced an agreement to invest in NABC SA Mining Company in Cote d’Ivoire. Our geologist, David Hedderly-Smith, Ph.D., subsequently conducted due diligence on site and, as a result, we are working on negotiating an improved position with regard to this opportunity. We anticipate that we will be reporting the details of a revised agreement shortly, once the negotiations are concluded. On March 15th we announced an agreement to invest in X9 Gold Development, Inc. This opportunity could position your company as a leader in recovery processing in the mining sector. Simply speaking, this technology that operates successfully in the laboratory both reduces the cost of goods and increases revenue. We will soon be scaling up the technology to process upwards of 1-ton per hour, which our scientists project will further increase our yield. With commercial confirmation of our technology, confirmation of the range of ores to which the technology is applicable, and the ability to field multiple reliable and cost-effective processing units, we will have an enviable opportunity – to do accretive acquisitions by offering shareholders of target mining companies the ability to obtain more value, through reduced costs and improved revenues, from their holdings. In anticipation of fielding commercial units that embody our technology, we will be acquiring options on promising gold properties. We look forward to continuing to report to you the progressive actualization of our plan for your company.
Thank you for your support.
Sincerely,
JOHN C. BAIRD
