We used another year because of the Tetra Tech fiasco with our BFS this spring. That set a whole new chain of events in motion including our 2012 exploration that lasted a whole 3 months (drilling wise).

We haven't 'proved up another SC in the Discovery zone', we have simply demonstrated good mineralization that means one thing or another to Elmer's model. That is worth a lot but we don't know how much. I dont' think it will be in the billion range by far. $1B divided by 422M shares is only going to give 50 cents a share.

We have the same qualitative discription of the "other strongly correlated zones" (I am assuming this means GK, ES and Mike) mineral potential as we did before the BFS fiasco.

Did we pay to get Titan this year? I haven't seen one plausible reference in a NR that we did ANY Titan work this year. The one reference we discussed earlier was worded vaguely such that we might let ourselves believe there was a Titan this year but is not conclusive. If we did get it done, it was wrapped into the Mira anyways...

Mira? Mira is by company admission not a big deal so it may be pretty much done but is not going to add a lot of value to our 422M FD shares.

Burned on buying $1.50 shares? How so? Making a double on that is not a burn by far.

Let me know what I haven't got straight.