Morning;

The market is by it's nature Bull oriented. As such, it tends to factor positve rumours into the share price. Part of our expected results are in our valuation.

Also when you extrapolate a market cap forward you must factor in the need for dilution. Please be aware our company MUST raise more money and it needs to do so VERY soon. This will dilute our shares and reduce the per share future value.

There are those who have written about burn rate and that we have 7 months cash on hand. This is dangerous, as the critical point for an exploration company's cash position is 6 months on hand. We're there now!! Investment Bankers looking to do PP or best efforts financing ALWAYS demand significant cash on hand. For a bought deal, I would speculate we don't have near enough in the bank!

I completly agree that if the rumours and conjecture can be translated into a hypothesis that explains our potential holdings we should see a strong increase in our sp.

Hey!...........I've been buying right up to this Friday into the high sixty range. I'm in!

But, temper your enthusiasm and factor all the minuses as well as the pluses when we calculate our potential.

No one wants to be underwhelmed later.

Love the blue sky but I always look to the horizon for storm clouds so I know to bring an umbrella.

Cheers..............Carry