Bhang Inc BHNGF

Back to Business....The task at hand.

[deninsask]

Lets read something of interest pertaining directly to Pele Mountain........I'm not much for chinese psychological benchmarks!! I've brought this up before and noone was interested. Maybe now that a more stable investor base has formed other Longs on this BB will be interested...... Pele has hopes, on the Platina Claim Group, to find 1% Uranium or approx. 20lbs./t in the basement rocks of the "New Claims" and the Co. has tied options (that are paid for in consulting fees that are only paid based on the "Condition Precedent") to the find for the Consultants. "The consulting agreements will provide the Company with access to the expertise and knowledge of the Consultants for a period of 5 years (the “Option Period”). Each Consultant was granted an option to purchase 100,000 common shares of the Company during the five-year Option Period commencing on December 15, 2006 at a purchase price of $0.88 per share (the “Options”). The Consultants may only exercise their Options during the first four years of the Option Period following a discovery in drill core of uranium mineralization in the basement rocks on the New Claims that returns any combination of width and grade that is equivalent to a minimum of 1-percent uranium over a true width of 2 metres (the “Condition Precedent”)." "Upon fulfillment of the Condition Precedent during the Option Period, the Company will pay each of the Consultants $88,000 as a consulting fee (the “Consulting Fee”), to be used entirely toward the exercise of their options. During the fifth year of the Option Period, the Condition Precedent will not apply to the exercise of the Options. Any Consultant who fully exercises his Options during the fifth year of the Option Period, prior to the fulfillment of the Condition Precedent, will nevertheless receive the Consulting Fee if the Condition Precedent is subsequently fulfilled within 5 years following the expiration of the Option Period." Stay tuned as this story unfolds........don't be surprised if the recovery cost plummets in pre-feasibility as well. I think Shefsky likes the slower steadier growth. Highland 43-101 coming soon!!