RE: RE: RE: CIBC Despite our decreased expectations for resource size at Magambazi, we believe the drop in share price that has occurred over the last six months for CAN has been exaggerated. We believe the lack of consistent news flow from the project has compounded concerns surrounding ore continuity, metallurgy and regional potential for new discovery. The company currently has approximately $100 million in cash, which represents approximately
.55/share, and is sufficiently financed to continue advanced exploration for several years. We also expect there is still significant upside with respect to resource expansion beyond Magambazi.