14- Nor do I wish to gloss over lightly any errors that we have made. We have made mistakes in the past, and these we do not intend to repeat. However, the ingenuity of our group is such that I am reasonably certain they may well in the future think up new mistakes which hopefully will be buried almost unseen in accomplishments of much greater and more lasting magnitude. But tonight I have chosen to put before you some of the positive steps that we are taking to perpetuate our growth pattern. The recognition and solution of problems is one important essential in the art of management. Certainly of equal or greater importance is the recognition of profit opportunities and taking the timely and decisive actions that are necessary to translate these ideas into realities. The recent record of our company is such that I feel that members of its management group can justifiably feel a genuine sense of pride in their accomplishments, and I for one have great faith in their continuing ability to perform well in the future as they have in the past. Our key management people are relatively young, none of them yet being in their sixties and a substantial number still in their forties. They have already had considerable experience in their work and have demonstrated their competence. In many ways we have better tools to work with now than we have had in the past --a strengthened financial structure a stream of assured future earnings already established through forward sales of mining output to strong buyers -- added versatility of skills in the mining, land development, and construction fields a momentum and a reputation that tends to bring more deals to our door rather than our having to seek them.