March 25, 2010

Dear Friend,

We were most impressed at the presentations of Victoria Gold, Wits Gold, Goldcorp and Silver Standard.  None of the presentations were unimpressive, but these were most rapid in terms of progress.

 

At the end of this report we describe the eleven "Core Shack" and "Exploration Cocktails" companies we hosted at our conference.

 

We are very grateful for the hard work of the various good members of my team, the companies that made the program possible and our clients.

 

Faithfully,

 

John C. Tumazos