So far this management team has made windfall worthless to us...they have made all other properties outside of the ring of fire absolutely worthless.....they have taken a 50% stake in a chromite resource and made it worthless by exchanging that for land that up to now is worthless. They have spent an enormous amount of money infill drilling and exended the deposit by 200 meters...but have now abandond the deep drilling and therefore made eagle's nest virtually worthless......as indicated in the latest report from Dundee.

They have announced that their chromite at blackbird is up for sale, if anyone wants it...with no takers....making that worthless. After two good hits on the vanadium/titanium hit, they have done no further drilling and made that worthless.

They have done a flow through PP at $1.25, at a time when the stock was trading at around $1.25 and therefore caused the share price to drop, and followed that up with stock options for insiders. Furthermore, the CEO himself sold a large % of his shares on the open market at around .91 recently. I suspect that didn't create any optimism either.

After announcing the failure of the deep drilling, they put away the drills mid December until mid January.

Now we get a report from Dundee basically saying that eagle's nest....our one and only remaining property is not worth development and that the Preliminary Assessment that was done caused the decline in the stock price....because people were shocked at how much it was going to cost to build a mine in the challanging wetlands.

They tell us also in this report that there needs to be another large find...similar or better than eagle's nest if they are to consider raising their target price. The report also suggests that there's no need to move forward with the feasibility study, which was the justification for the infill drilling.

Now the last time I heard Wes speak, he certainly spoke highly of the management team. And this report from Dundee....well they seem to be quite confident of the management as well. But, are they buying? I know management ain't buying....is Dundee buying with their $1.40 target. Maybe they made that target to try to get management to buy.

How much more worthless can they make this out to be? Great team effort.