good post GB, I agree with what you guys are saying.

Guess I'm still hoping that they will develop, ramp or drill into a significant ore body (just like the 007 bulk sample zone) that will make this mine and us a "big" profit. Developing under the 007 is something they should have made a priority sooner.

The historical grade (from old shallow mines) in the area and surrounding area is 8-10 grams so again I'm hopeful our head grade will improve soon. Even with a grade of 5 to 6 grams long term, this mine is viable and we should see like Sprott stated a 1200% increase in share price from his $.125 buy in once gold is priced properly. In the upcoming Q3 conference call in Nov we should hear why the Q3 grade dropped to 4.24g and how the cost cutting from ops is progressing.

What the whole industry needs is a more realistic world gold price and again I'm hopefully that will happen this year yet after the US$ gets it's last dead cat bounce in a few weeks. The Euro is due to fall against the US index soon.

Gold over $1,375 then $1,500 would bring back interest to mining producers who have received zero love . Until then I wait as I can't even trade a bit successfully in these choppy markets to lower my cost.

Eric Sprott buying in has given me some much needed optimism as he is a very committed individual. Bob Moriarty also believes the bottom is in. The US is clearly in big trouble, to sell now would be foolish.

GLTA