very thorough report by FRC.Everyone should keep in mind the $.70 price target is based on a discount cash flow basis and includes only 1/2 inferred resources and declining molybdenum prices going forward.Subtract these from FRC`s analysis and you`ll get a price target in excess of $1....not even mentioning the 2007 drilling program.....which may include some very pleasant surprises.Risk/reward looks better than ever.Time to light the Torch to more reasonable levels.