SmartCentres Real Estate Investment Trust T.SRU.UN

RE: The New SRUBB [Penny]

[JerryFrancis]

Penny, not to belabor the point but you say that you are not that concerned about the resource calculations and that you do not think that they will be either wonderful or terrible.[?] You and I can take it that there is a large and significant ore body under FL and that we believe that the 2006 findings are more of the same so to speak; [we can also agree that the metallurgy question is of extreme importance] however, it would seem to me that there are those 'others' that would not agree with you and very much need to know more about SRU's updated resource calculations. Even if the results did not raise the share price one penny, Penny, [maybe I should have said one cent, Penny ] Starfield thinks it is of importance because from what I understand [could be wrong here] they have been working very hard to complete those figures in time for the PDAC show in March. I have a feeling that since they can't rush the QP doing that type of work, that it may be a close call time wise concerning the PDAC show in March. According to some learned friends, they believe that those numbers are quite important and need to be released AND would represent a 'hold up' in the progress of the company if delayed. These men said that those updated figures will [along with the metallurgy] 'tell much of the Starfield story'. I guess you don't agree but in the interest of keeping a serious conversation alive I respectfully present these thoughts to you. Jerry