Portex Minerals Inc STACF

Hill Street Capital LLC

[LuvMyGold]

If I missed any significant discussions on this news release of November 16, my apologies. As a long term shareholder of both YZC & PAX, it is in my (and all of your) interest(s) that we obtain a strategic partner as this project is massive and we certainly cannot do it alone. The expectations, from the NR, in part are quoted here: "A strategic investor is expected to provide financial and technical support to the advancement of the Selwyn Project to production." And just what will be the quid pro quo for this 'support'? One can reasonably expect that the major support player will want two things: (1) operational control of the project, and (2) majority ownership, most likely 51% at the outset and subsequently 19% more earned in by taking the project up to and including bankable feasibility. (Sharp negotiations may keep it down to an additional 9% for a 60-40 split). In other words, we will have 30% of a project that we now own 100% of, but it will be ultimately significantly advanced such that this 30% ownership should be worth a whole lot more than the 66 cents or so it now trades for. Keep in mind that a minority partner is at the mercy of the major partner insofar as decision making and of equal importance, timetables. One could hope that everyone's priorities are aligned, i.e., the same and that they fully recognize the need for capitalizing on the strength of zinc sooner rather than later. The above commentary is all jmvho and purely speculative. Perhaps that is why the shareprice is staying around what it is presently, until the uncertainty is removed as to whether we can find a reasonable strategic partner, and whether we can negotiate a fair deal to acquire one. We will test this theory soon enough by seeing how the shareprice moves with further anticipated excellent drilling results. GLTA.