Depending upon what exploration results Noront releases on E1 speculating on $4 isn't out of line. Might be overly optimistic but not out of line.

Realistically the new BoD screwed us with the dilution of ownership by options and private placement. Don't kid yourself the market takes into consideration shares outstanding so $7 a share way back when was a lot less market cap than $5 a share now.

My opinion, which isn't worth as much as it was over a year ago, is that good news can take us to or slightly above $3 and then we'll require another shot of good results to take us higher. Maybe by end of winter drilling season we'll be in a better position to set much higher targets.