I suspect that Snowfield's priority, right now, is to cover the expenses of the ongoing exploration and laboratory analysis without having to re-negotiate the Mineralfields deal while the s/p is low. Of course, this does not mean that the restated SRC results are guaranteed to be good, but there is every chance that they could be better than the initial set. After all, even a modest increase in the s/p is better than negotiating with Mineralfileds at $0.145 per share.

I am not sure if the company can also cover the cost of the current drilling program at Mud Lake, but if they confirm the presence of diamonds in other zones of the deposit, this will greatly help to raise the s/p prior to sitting back down with Mineralfields.

I think that management has proven itself to be very capable of raising funds to get us to this point. It is also comforting to note that it has not baulked at the necessity to put its hands in its pockets to get the company through this tough period while stepping up the exploration program on-site.

Anyway, that's my tuppence worth.....

Good luck to all....peterjr