To: 2MAR$ who wrote (98551 ) 2/5/2013 2:42:04 AM From: TobagoJack 4 Recommendations Read Replies (1) | Respond to of 217549 hello 2mar$, today's report: (i) we have tentatively closed on the transaction, by paying the third tranche of 3-tranches option payment over the past 90 days, and are now contractually committed to exercise the option and make good w/i ~30 days the final execution payment to the vendor and take control of the world's largest antimony resource outside of china (ii) this is a worthwhile exercise because china produces 80% of the annual global requirement of antimony and china has been dropping export of antimony because of exhaustion of easily accessible antimony antimony really has no particular substitute. it is only a question of either one uses antimony or one does not, rather than "gee, i will use xyz instead of antimony because as antimony price rises it now makes sense to consider the equally priced substitute" three months ago i had never hear of antimony now i am invited to conferences on the subject of antimony antimony is used in manufacture of plastic / pvc, and such to make them fire-resistent (iii) we of the faith are not particularly partial to antimony, but recognize that antimony is also gold, and the desperate users of antimony do not bargain when trying to acquire antimony, they just want the supply (iv) the antimony resource is mixed in w/ gold at proportion of 65/35 (sb:au), and we are partial to gold (v) we have not quite completely worked out how to pay for the resource (an underground mine w/ mining license covering 400+ square km), an associated partially completed processing plant, and additional capex needed for completing the plant over the next 12 months (vi) i am partnered w/ an admittedly very knowledgeable geologist who had at one time earlier this decade built a big uranium company and exited in handsome state, and a seasoned mining executive who had built a team of 250 folks providing drilling this and exploration that, and we have a small army of metallurgist, mine geologist, mill supervisor, etc etc and of course, mining industry lawyer. i think i am the cfo but also take care of making copies. i do not do coffee. (vii) the learning curve is steep. it is a bizarre world i now find myself in. instead of settling scores in dollars and cents, we of the comradeship pass to each other odd pieces of metal as markers, and do so w/o ceremony, w/ the markers wrapped in bits of tissue paper and carried in pocket like hand-warmers or exercise dumbbells here is something i need to ledger for a temporary transaction to be reversed later the ladies at the office got a giggle out of mistakenly trying to lightly pick up the mass i think the ladies liked the heft :0) for it just feels right