Excellent replies Webgogs. I've added a few more comments below:

4. Elmer is constrained by the money people. He saved the co from bankruptcy yet they still drag their feet on spending money. This is not his fault.

Okay that makes sense. However, I hope we don't see the trend of monthly financings continue. If we need $10M, I would like to see them try to raise it all at once.

5. We have 25% of 130 billion dollars in the ground. We are cheap. We have a good IRR in the safest jurisdiction on the planet. That fetches a premium. Watch Harper in China for a clue.

I should clarify. We are not cheap for a junior explorer. We are not cheap based on dollars in the ground. What makes us cheap is our excellent economics and potential.

7. We got improved economics. The pounds didn't vanish. How can this be bad?

Typically the Resource Estimate is not supposed to determine what is economical. That is left to the PFS/BFS. However, I think I found the answer on their website. One of their goals is to provide "a realistic resource estimate geared toward maximizing the economic return/benefits of the Schaft Creek deposit over the life of mine." I can live with a one time haircut to the Resource Estimate. However, I can't see any reason for them to further reduce our Resource Estimate. Drilling is supposed to increase the Resource Estimate, not decrease it.