"And the company has been unwilling to risk all on a "cheapo" one hole shot- and, with good reason- although it seems this was successful at Big Chunk."

"Seems" questionable to me.  Let's recall that the company never intended to drill just one hole.  The program, undertaken at great expense and with extensive preparations, was cut short by the early arrival of winter.  Then, Northern Dynasty foreclosed on their loan which was secured by that property.  While the confidential results of that hole MAY have been good, there is no evidence that Northern Dynasty would not have foreclosed anyway.  The fact is, they had no option other than to throw up their hands and walk away FROM A PROPERTY THAT BORDERS PEPPLE.  Not a wise choice in my opinion given multiple targets in that drilling program.

As to starting drilling with only 200,000 dollars in hand, I could be wrong, but I think that was dependent upon an anticipated flow of funds from promises/subsrictions begun, but not completed.  But we never got to that point. 

As to all the other comments since my last post, I am not a registered geologist, nor a member of the board of directors.  I leave exploration and business plans to them as I am not at their skill levels, nor do I have much of the insider information that they have to consider.

Having said these things, I'm fine with JB, et al shortening the program based on updated information, say to 5-7 holes, if they so choose, but I still think that kind of money is not available either. 

So, I'll wait.  However, come tax loss selling season near the end of this year, I may be more willing to rationalize my losses than continue these waiting games.

VP