So if we have 1 billion pounds of coal at $1 per pound than we are looking at $1B dollars worth of coal at an In situ valuation of 10% would be $5 per share. So I think in the short term, even in this economic climate, $5 is very possible. However, as we prove up more resources and the economy starts to improve, valuations in general should improve and the potential for much, much more is very possible. This one is worth accumulating if prices stay under $3 which I think will not be for long.

Cheers,

Glorieux