Leeward Capital Corp LEWCF

RE: Weird...

[cabo1]

The report is simply a revised 2008 43-101 using kriging. This was done for everyone to better understand the Nithi deposit. It was before assumed to be low grade, low tonnage. It refected badly on LWC because all the other moly players were being kriged and LWC was not. Having lots of low grade moly gives LWC huge leverage to price as we see in the gold markets today. many new hot gold properties were considered low grade 10 years ago and uneconomical but not in todays market. The will be a second revsed 43-101 completed shortly incorporating the 2011 drilling program and it will be a huge game changer in my opinion becuase it looks like Delta has significant high grade tonnage at first glance. For those wondering why the difference in the two 43-101's I think it is best explained as the previous report was done by a geo who is 70ish and back when geos like him first started their careers there were no tax incentives for exploration that could be sold to investors. This all started in early 80's so geo's had to be ultra conservative with their estimates because money was very tight for mining, this was the period of industrial stocks and investors cared little about mining.