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alansnowcross2

05/22/11 9:22 AM

#152667 RE: Rick-UK #152664

Ding Ding ----WRONG

The correct answer for line cutting was $35,000

http://www.sec.gov/Archives/edgar/data/1412126/000093041310006200/c63690_8k.htm
go to page 16

Line-cutting ($500/km x 70) 70 km x $500 = $35,000

IP survey ($2000/km x 40 km) 50 km x $2000/km = $100,000

Diamond drilling ($120/m x 5,000m) = 3000 m = $120/m = $360,000

It will be very interesting to see if and on what additional work may have been done.
My guess? Additional IP surveys

Only Ken and up to date news will clear up the questions.

Best wishes and a good weekend to all!
One day - There will be news!