Baires,

Why would you want to be bought out at this stage? This is just the beginning. Remember that Dr Webb has talked of a 20 year operation, and he expects to do just as well if not better than those that have gone before in the Yellowknife region (Giant, Con etc with their 8 million oz produced).

Getting the first production facility built for 150 million will produce cash flow for the company. The cashflow will enable them to explore and develop more resources and expand production.

Lets run some very conservative numbers and assume we can average 200,000oz per year for the next 20 years from a 2 million oz resource. Lets assume an average gold price of $1000/oz and costs of $368/oz. Thats 126 million per year.

Now, lets look at a modest share holding of 0.1% of the company, or 180,000 shares. That could be purchased today for 0.40c per share or $72,000.

With 0.1% of the company, your share of the profit would be 126 million x 0.1% =126 thousand, PER YEAR, FOR THE NEXT 20 YEARS. not bad for a 72 thousand initial investment.

And this does not consider the potential to increase to 300, 400, 500 thousand oz per year. It does not consider increasing the reserves to 3,4,5 million oz. It does not consider that gold hasnt even reached its inflation ajusted all time high yet.

If you have a golden goose, why sell it?