"The share price is traumatic but it looks like the bleeding has slowed, and hopefully stopped."

Having a partner will not stop the bleeding, as you call it, as without a cash infusion, we will still have operating costs.  Having said that, sometimes, I said "sometimes", a partner will buy in for a piece of the project.  When such happens, however, less of the project is available for shareholders.  But even that will be better than where we are now. 

Then, as I believe JB wants a partner capable of taking the project through Phase II of drilling, that in itself means a greater share of the pie for shareholders than what I usually see from exploration deals.  So, that can become an offsetting circumstance should we enter the discovery phase.

VP