My read on the issue is that they played the market conservatively last year, and are paying a price. They had a rather skimpy no-risk drill program. They simply don't have as much good news to offer. The property is stil lthe same, and is a good one.

At the time, I thought they were being very prudent, and I fully approved. Last year was a crazy one in the world of junior explorers, and there simply was no money to be had for exploration.

All they have to do now is raise some more cash and have a more aggressive drill program this year.