EP,

1. Any idea who the buyer for this healthy block of shares is? (and also who sold it?)

200k @ $2.05 is surely a good anchor. Bet that nothing will move the SP below that by the end of today, unless there is a well orchestrated plot to keep the SP from rising...Gold is up by $26, and now POG is above $1419/oz.

2. SP from my Crystal Ball: Based on the current strength of POG I would be bold enough to modify Mackie's suggestion of $2.60/s (assuming POG @1250) by a simple ratio 1419/1250 = 1.135,

1.135 x $2.60 (by Mackie) = 2.95 (make this $3.00/s).

Another big factor is that Mackie says 1.3 ozAu for the HGZ (anyone had a chance to review their calculation?) which I would consider too conservative from the stellar results we have seen, by at least a factor of 2, or even 3+, keeping in mind that the HGZ could extend across the lake toward the cottages (for another 1000m or so).

Say, SP of $6 - 9+/s. Too bold a prediction?

goldhunter