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Biochemist2002

01/10/11 10:12 PM

#124416 RE: Jackroch #124371

No doubt REEs were always of interest, but historically, in every single PR mentioning Rusty Ridge, the company always used the term "IOCG property" or the "Rusty Ridge Iron Oxide Copper Gold property." The first PR to exclude that terminology completely was the November 22, 2010 PR, which stated that the drilling program had been completed. The term has not been used since. BTW, I'm not saying RR is or is not an IOCG property, I'm just pointing out that the terminology/description has clearly changed.

But yes, I do believe REEs have also been of interest, and initial analyses DO indicate elevated levels of REE. So, I have no problem with them now referring to it as the Rusty Ridge REE project, or the like, if that's more appropriate. For that matter, I wouldn't care if they thought it was a "gold" property and instead found oil or natural gas, then changed it to the RR "oil property." In any event, the lab results will tell us whether or not it is still considered primarily an IOCG property. Personally, I don't care what they call it, so long as it contains minable minerals that can turn a profit via, property sale or JV.