Well, if the stock price response is the same as after the most recent PP at 70 cents (double within 3 months) and the PP is between $1.10 and $1.20, then that would be okay. That said, too many variables in play now with Eagle shallow and Jaguar being drilled.

The thing that bugs me is that now we are going to have to wait even longer. I am tired or waiting! How many weeks will it take to close a PP? I suspect there will be no move in the SP while the PP is on the table but what happens if results come out while the PP is in play?! If it is a duster - who would buy the PP? If it is positive, then why bother with the PP at such a low price? Too many questions. No answers.

I wish CGX would make a statement soon one way or the other.