bb - oh no...I like that model even less than the ones we just reviewed! Bottom line...assigning a valuation at this point is a lot more art than science, imo. There are too many unknowns. But with five rigs running concurrently there will be a substantial reduction in unknowns when this season is over. What we do know...or at least, what I think we do know...is that this system is getting larger. Actually, it's staying the same size, but I think you know what I mean. And even with 60+ holes drilled, the surface has been scratched but by no means exhausted.

I am not sure it makes sense to do a 43-101 after this season's drilling is done. There is a risk that it will fix a number in the mind of the market and that may not be helpful. May be better to put off a 43-101 until after next season and do some kind of mineral inventory instead for this year. Just a thought...