I was on the bid yesterday, wanted a certain quantity so split my bid at 65 and 64. The bid at 65 got filled past 2pm when it was placed pre market and the 64 bid never got touched. I will be looking to buy those today but willing to be patient as I believe some will tire of waiting and sell low.

As for the PP shares and warrants, I hold warrants from last December at 15 cents and May at 25 cents. Unless FC calls me and says he needs money, I have no intentions of exercising these options as I believe our SP will be multiples of where we are at some point while these warrants are still exercisable. There is no holding period once you exercise warrants. As soon as you exercise them, you can sell the shares from them. That is why I would like to wait till we are northo of $2 before exercising them. I believe most PPers are along the same line of thinking.

Most of the people in the last 2 PPs where friends of Hoov's and mine. We all understand the huge potential here so none of us are in a hurry to liquidate our positions. What Herb said about painting a picture with the next NR is accurate. What they apparently want to do is discuss all 12 or so structures that they have identified where they will give us the number of drill holes thru each structures, average grades, expected tonnage and ounces. Now, T1 is 30M tons according to current info. Snow white is supposed to be bigger, the number of 40M tons was discussed during our last site visit. There is then another 10 structures to give us another 30M tons to give us the 100M tons management has fixed as a short term goal.

When they put this info out with supporting assays, we will not have to worry about PP shares hitting the market as institutions will be buying everything under $1 IMO. So I would not worry about those shares hitting the market. FC is planning everything right with the release of this info right before or around when the PP shares are available for trading.

Holding with confidence,

Glorieux