No doubt representing, to a large degree His Nedness. In the past where Ned's pre TO activities would relate to current circumstances (Eskay Creek and the Hemlo come to mind) Peter Brown has been Ned's lead hand acquiring equity in potential "targets!"

SAN is no doubt a potential "target," whose "bull's eye" is growing geometrically with every new drill hole!

After the fact, His paper trail will once again confirm this relationship.

As far a SRP is concerned, while it makes good PR with SH's and no doubt adds drama to this years AGM, if co A pulls the trigger on a TO, it will be rendered impotent as sure as God made little green apples! Money talks-BS walks! JMHO

RUF