If Phase 1 shows exceptional/good results, they will continue to explore and drill? The wording of "any subsequent expenditures" makes me think additional funds will be provided if results exceed expectations, meaning more than just a 10,000 meter drilling program. I do not know if I am correct, can anyone comment? This sounds encouraging and the next few months should be very exciting. Drilling can go from July to December, so Phase 2 could occur in October?

Now this is our chance to show the world and the other majors what we got and hopefuly be in a better position to negotiate a buyout. A lot of people, including me, thought wrongfully that we were already in such negotiating position some years ago, which resulted in our sky high SP. Yesterday brings a whole new wave of excitment, visibility, expertise and funds to our project.. but it also adds incertainity about the buyout timeline or it at least extend the timeframe.

People who hoped in every reasons stated for Teck to buy us out prior to bfs and such got misguided. Did Liddy invest it all for a buyout in 2015? I'd rather not answer for her but I did not. However, I am happy with yesterday's NR and we are in a better position than ever to achieve our full potential. Downgrade me or ban me from not jumping all around that our SP gained 35% to sit at 80 cents and not respecting the 2002 option agreement. However I am confident Elmer did his best to negotiate the best deal possible. Like I mentionned before, we did not have the upper hand at the negotiation table.

However this time around after we swiss cheese the whole place I am sure we can unlock full value and reach at some other major for our 25%. Back to waiting. glta