Going on a limb with the timeline..

1) Drilling commences in July 2011

2) Assays gathered and sent to lab...Sept 1st, 2011

3) Preliminary results of Assays...Dec 1st

4) More drilling.......delays.......updates quarterly throughout 2012

5) Restructuring of Management and Board midway through 2012

6) Offer on Tesoro...March 2013

I'm as much as an optimist as the next guy....however, these aren't backyard digs. Access to resources is 2 hours away...minor breakdowns and service repairs cost days of drilling. Is the Peruvian government making a move on control or part acquisition? Will our canadian political system be stable enough to show the strength of our fiscal policy to outsiders (although we may be one of the strongest in the G8....our electoral problems make us look weak..despite our capacity to minimize debt).

Just my 2 cents.......Fitz