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box927

04/18/06 6:05 PM

#400 RE: OriginalFred #399

Hi Gents

I spoke with IR the other day. He told me the latest financing was to be used to build an exploration decline at Burnstone under their exploration permit. They will however build the decline to production standards. He says this will save them 6 to 9 months on the timeline to bring Burnstone into production.
He also informed me the new CEO was going to start on a road show in the next few weeks. Hopefully he can get the value back up close what the other exploration companies are at.

Regards