Replies to post #13214 on Value Microcaps Junior Miners

[Bobwins]

I was impressed with the conference call.

Russell answered all the important questions.

1. Phase 2&3 permits are not needed for a couple of years.

2. Lack of underground mining at startup will impact grades but company hopes to offset that by mining higher grade open pit ore AND thru the scheduled rampup of mill volume to 2000tpd.

3. Costs will fall as volume and grade improve

4. Resource estimate on Grey Fox coming soon.

5. Mine and mill on track for mid April startup.

AGT even or up against a backdrop of falling gold prices.

Bobwins