GLOBAL MINERALS LTD NEW GMFLF

RE: GLOBE AND MAIL - THE HEARDS - GU

[littlejoept]

In the interests of fairness: I don't think they are the same claims. uul also got some from Terry H. uul has raised money, got permitted, and--I believe--is drilling ahead. Now, as far as GU, ctg, getting claims from Terry H.--this is what Terry does. He's good at it, and he's quick. I went to vancouver for the gold show, mining show, in jan. I visited with lots of people, including uul and ctg folks. So what i'm saying, i got on that trip. And my memory ain't the best. Anyhow--I'm thinking Terry staked based on u.s. geol info, info from member of former uranium mine owning family inputfrom Atlas geo, and input from another geo. He told me he had staked everything he considered prospective, or nearly so. Contrast this with a different conversation I had--with a promotor and a money guy. The promotor was telling me he'd like to get some property in se utah, sw colo, get the money guy to put up enuf to form a co and promote the dickens outa it. Quality of the claims was never mentioned. I'd say knowing Terry and being related to him might also be considered as havning 'inside track'. And might be very much the opposite of what has been insinuated. I'm thinking ctg did have some claims that got rolled into cu. I imagine they either got stock in cu or cash. I believe the reasoning was they already got lots of projects and certainly did not need any more dilution. Now, before i sound like any more of a pumper: I am thouroughly ps sed at both the time it's taking boulder mine to get up to speed and REALLY ps sd at the .18 option re-pricing. That is total bull. As far as "incentitive" goes--if they did their job, they'd get amply rewarded.