Hello LBSU:

I am a long term shareholder, since 10/05. I have been buying your stock and averaging down since then. I now have a very sizable position. Now I am beginning to wonder if I have made the correct decision the last 2 years. Especially after reading your last communication sent to the world telling everybody (all of us?) to beware of your company, your lack of financing, lack of qualified people, maybe going bankrupt, etc etc etc. Nice!! That made me feel good!!!! Thanks alot LBSU. Down another 4 cents ..... I love it!!

First of all, I would like to state that I believe that you have made the wrong decision .... going for the Uranium instead of going for the Gold. And thus my statements and questions below.

How are you as company management going to feel when another gold miner comes along and buys your entire company for stink bid of 60 cents a share just to gain access to all the gold that I'm sure you already know you have in your Big Chunk claims. 60 cents is a +50% premium over current price (and it sounds real good today), but unfortunately, that won't come close to heling me recup my investment money back and I'm probably not alone either in these calculations? Any long term shareholds is probably in this same situation as me?

I believe you are doing a disservice to your shareholders by spending your (our) money the way you are. Believe me the entire population of gold miners knows what you potentially have up there or certainly suspects it, just because of what has occured with Northern Dynasty and your close location to them.....in the same caldera no less!!

I have listened to all your interviews. I read all your public released information. But you have still not convinced me that your direction is correct for the company. When are you going to start doing more at the Big Chunk in Alaska .... when its too late and Gold has already hit $1000 per ounce and is still headed higher and higher? Too late!!

It takes a very long time to put a mine into production and you are wasting our valuable time. You need to do something to move these Gold claims along on a more futuristic path of finding that gold.

So here is your last chance to convince me to stay with your company and not dump your stock to salvage what I have left to salvage. My resolve are wearing thin......so convince me please!!!

Thanks and yes I am serious,

krsdennis