- VD PEA complete in Q3 2015 and then sell it for $40 - $70 mil. depending on the PEA results (this will take care of our financials going forward)

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How much of an issue will an inferred only PEA be?

The recommendations were to drill further to upgrade the resource from inferred only.

I don't have an answer but maybe some of our experts can weigh in whether or not the upgrading needs to be done to get a fair dollar? Maybe its a non-issue? Any ideas of the selling price difference inferred vs. upgraded?

As a comparible, Excelsior has 1.2 billion lbs measured, 1.4 billion inferred, a completed PFS (very positive) and are sitting at a market cap of $27 million CDN. I'm sure it would garner more at buyout, but can't speculate as to what that may be.

Several have mentioned spinning off the other projects in the past - I don't know if that originated from the office or was someone's speculation?

I have come around on that one and like that idea personally. Maybe the 3 seperate stocks would add up to more value vs. all in one? Each project could then flourish or fail without effecting SC? If it is a viable option, wouldn't it be a good idea to do that now and keep a good chunk the tax refund as a buffer for SC? I would have no problem with the spun off properties seeing as much dillution as needed.