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lootie

07/14/09 5:05 PM

#5829 RE: Mamona #5828

Schedule,keep a possible schedule with near no money.Not easy.Regardless of the delay,we still own this prime property.You conveniently confused 2008 and 2009.Much of the development of our mine site,occurred in 2008.Where Rich found the initial development cash from attests to considerable skill and determination.

Rich may or may not have underestimated the cost of developing our mining operation.Few mines meet targets of price or deadline.Harder still when very short of cash-like most juniors.One might add,our clever model of using JVs to give us a collection of properties,exposed TRGD in the sharp downturn.

Now might one ask that you countenance facts?TRGD sold 4.6 million PZG shares for $4.9 million,thereby fixing our cash problem.A wise move or not?Well look at the subsequent movement in the share price of TRGD and TARM.

The share price movement is the real vote of confidence.