Eric, I think the Dundee report is too conservative. As you pointed out, to say it is "high risk" does seem harsh - I guess the question is, "compared to what?" Amongst its peers, seem to me that SGR is one of the more sure plays. Also, I felt their target price is way too low to be a realistic 12-month target when we know what is all in the works. But, that is JMHO -- I just passed the report on as it was given.

NL