I was at the agm and you could tell Sully and Workman were cautiously excited about the 3d results. (clarity, enhancement etc ...)

I think its a good move to wait for the 'complete' 3d story. That way you can realize closer to full potential value in JV discussions.

I've always said they will have a JVP by Christmas or sooner, the sp will reach between $3-$5 by then. After Christmas going forward toward the actual drill date ... its anyone's guess, all bets are off.

If I remember correctly, back in 2000 the sp went to the $1.80 to $2 range a day before the announced drilling was to take place that run up was from the .25 - .30 range. So if we are already at the $4 range, the run up to just before drilling should take the sp to ... ???

If they hit more than 1 of these structural traps they are talking about in the 1st round of drilling ... strap yourself in !!