I managed to have a 20 minute chat with the new ceo [John] and confirmed what DC has already posted. Very impressed with all he had to say and this man speaks with intelligence gained from 40 years in the biz and more than a few homeruns. As he stated there are lots of deals out there, but none that could bring him out of retirement until he had a look at War Eagle.

He's very eager to get stated with first getting the Sinker drill ready and then start the process of proving up the resource thru an on going drill program. The NI 43101 will be worked on and filed with updates as drilling numbers become available.

We agreed the mill up to this point has been a liability, but he was quick to point out that he was very impressed with it and with some fine tuning, should be able to be cash flow positive thru both toll milling and processing their own ore.

Financings are in the works, but the lawyers were creating lots of delays.

These guys are company builders and will bring value to this project which will be reflected in the share price. Watching the hourly fluctuations of the sp will only give ulcers at this point especially with the very ugly juniors market. John also understands markets and timing and also feels that next year we should see some interest come back to the sector.

I personaly feel that gold/silver paper prices should bottom before year end with one big final flush and wouldn't be surprised to see gold hit for another $100-200 take down before a big V bottom reversal with $1500 by June.

cheers