I just looked at Coach's video of the meeting.
I was most impressed.
Now I am not only confident that Valardena will be a billion ounce resource but that it may end up at a billion and a half.
That a major portion of that billion will be upgraded before the end of this year, barring any drill malfunctions, strikes etc.
Mr.Altman compared our silver as eqivalent 20 milliom ounce gold of which there are few.
One is government owned in Russia, another in Equador (risk of confiscation) and next is Cristallex in Venezuela with Chavez problems.

This is for Valardena, with the rest of the properties this has a good chance to be a multi-billion ounce company, imho.

I was disappointed to notice that the 12 million of cash that was bandied about is as of Sept.30, so at a million per month burn rate it should only be about eight million by now.
Therefore the company will run out of cash by end of september, not counting any cash brought from operations through metal sales and postponing that date.

This also means that the company must plan for a private placement by about August.
That in turn implies a resource up-date by that time so that the share price will be supported. Hopefully the present sluggishness with the small cap market will be over by then.

He pointed out that he offered opinions as to the last 43-101's release date and it was turned around by some as if it was a promise, and for not delivering on those dates he was called a lier. It seemed to me that he was being politely annoyed with good reason. I also read that as not to expect any such opinions in the furure.

Mr.Altman was also saying that they will be trying for a news up-date on a monthly basis and that an effort every two weeks is a bit much. I would be content with a monthly time period.
Fuure sure looks good from here, just much delayed and bashed.

Thanks Coach.