Cannon Exploration Inc. (fka CNEX)

[MeJeff]

I was refering to Super Dave's statement:

"Unfortunately, there is no other way to generate revenue than to dilute."

The report specifically addresses that issue. It talks about how CNEX plans to generate revenue LONG BEFORE a working mine would ever be in the picture. So the statement "there is no other way to generate revenue than to dilute" is complety false. Even if you don't take into account what the report says, there ARE other means of financing. I have seen other mining/exploration companies fund in other ways such as private placements or Flow Through financing.