Strike,

I wonder how Frank Holmes would value those "little junior stocks" whose management don't have the "discipline not to keep doing financings", as he said. But instead, like Tyhee, keep financing, keep building their resources into reserves, keep heading toward building a mine of their own.

It would seem Frank is looking to profit from acquisitions. I'd guess he'd be overlooking Tyhee as having the kind of value he'd appreciate, to the extent that Tyhee's notbought out.

B.

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Frankly, I never understood the share count admonitions regarding the big picture. Market capitalization takes all that into account. All that matters to me is (1) valuation per oz in the ground (2) how we progress towards more highly valued ounces, i.e., mine feasibility details, and (3) minimizing debt.

Sure, we dilute (increase share count) to fund drilling/studies. But if our resource/reserve base increases in both size and value faster than our dilution, that's a positive thing.

Strike