Well the fact that not much is new with this MD&A as Coswil posted is a good sign IMO as it demonstrated that the new BoD are willing to go forward with the old companies approach. The changes they have made relate to the burn rate and corporate governance which should be a plus when trying to attract instititutional investors.

Your #2 point doryloads is a given in this type of company which has no revenues to keep it going. Certain events may change this and they include a buyout, putting a project into production and a joint venture. However the reality remains that unless one of these events happens, we are going to need financing in 12-18 months if we want to hold the bigger end of the stick and not be on our last dollar when signing the next PP.

The truth remains that we will burn through 20M dollars in the next year turning our property into swiss cheese and hopefully one of those drill holes reveals valuable assets that turn this play into a definitive mining production area and then we will have some dramatic increase in our SP.

Cheers,

Glorieux