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Jeffrey M. Christian, Director, is Managing Director of CPM Group, a leading independent metals research and consulting firm. He is a recognized figure in the precious metals industry and has been involved in much of the pioneering work applying economic analysis and econometric studies to gold , silver and the PGM markets. The industry and investment community closely watches CPM Group’s commentary and reports, including their annual surveys of these metals. The CPM Group counts among its clients many of the world’s largest mining companies, industrial users of precious metals, central banks, government agencies and financial institutions worldwide. Prior to founding CPM Group in 1986, Mr. Christian headed the Commodities Research Group at J. Aron and Goldman Sachs from 1980 until 1986. Mr. Christian is past president and a Director of the International Precious Metals Institute and honorary chairman of the New York Section of the Society of Mining Engineers. He was elected to the Company’s board in August 2000. | 