Hi Coach:

Thanks for the informative post. I do, however, take exception to the terms "pinheads" and "complete idiots" in reference to those who have expressed the hope that the company's cash flow might improve. Many of us hold out that hope and did not understand the need for "hundreds of millions" to achieve substantial results when dealing with low grade ore. It would appear then that if we are to see any significant share price increase over the next few years it will have to result from bidders who are willing to pay for proven assets in the ground rather than strong cash flows and net profits. Would it then be a logical assumption to expect that a buyout offer from a larger company will take place long before the general market sees a reason to bid the share price up from its present depressed level? It certainly appears that we are misguided if we think that "the market" is going to bid up the share price when the company may be faced with years of high capital costs before it achieves any meaningful levels of steady cash flow.

Just a few random thoughts from one who is hopeful for the share price, not properly educated about the mining business but learning a lot in the process. Thanks again for your input.