O.K., so they had $7.2 million in the bank in November, they have warrants and options valued at $20.3 million. So, what you do is make a concerted effort later this year to get the stock price up to such a point that the owners of the warrants and options buy them. Yes, the economic times are rough right now but the people who hold these options and warrants have more than enough money to write the cheque.

I do not want to see the development of the hydromet process stopped nor any of the exploration. So the warrants and options need to be taken care of.

If there is any fat that needs to be trimmed it is management and director compensation. These are uncertain times and everyone has to tighten down the hatches to make it through this period. So with that said, here is my proposal, and please Agoracom, take this to them. These people are well off and do not need the money right now, I think we can all agree on that. I say take nothing for compensation for the next year and a half(or very little) and put that money into the project. We must continue to develop this property and we must build the pilot plant. No major(or financial institutions) will take us serious if we haven't proven to them that this process works and that the project will be very economical, even at these prices. So instead of monetary compensation, I say take more options that don't expire for 5 years. In that time the stock should be dramatically higher than now(if you believe in the project, which you should if you are working for SRU) Your options could be valued at 1/10 what the share price is which makes your compensation much higher than now. We must trim the fat and this is just one way to do it without affecting the future growth of the company. This is a win/win situation!

Another way right now is to renegotiate leases, helicopter fees, transportation fees, drilling fees and more. It should cost quite a bit less to drill a hole than it did last year when oil was at $147/barrel. Major drilling and outfits like this will have to lower rates in order to get work, go after them hard or tell them that you will go with another company.(I don't know how many there are but I do expect them to under cut one another) Or buy you own drills if they are on the market cheap enough?

If the company continues to develop the project we will be in a great position to take full advantage of the next bull run which will make this last one look like a little bump on the road. There are many who think $200 oil will be back and some believe that it will go much higher than that in the next few years. The turnaround will happen and the metal prices will skyrocket with all the investment that is going into infrastructure. A little tidbit of info for you to think about, half of the cranes in the world are based in China, imagine the steel that they are going through and will continue to go through and, in fact, need more as the Chinese Gov't starts spending their cash to continue the growth.