Last year at this time UC was trading in the 55-60 cent range on the strength of Mexico properties. Some good drilling at LaSoledad and the prospect of Layesca coming into production. The price of gold was approx$580. Well we are now headed into a new drilling season in Mexico and hopefully some encouraging results both from LaSoledad and LaYesca(which has been a sore point for many shareholders because of lack of info). Any encouraging results in next couple of months could push our share price significantly higher and the price of gold is now $740.

Add to this our prospects for Mcfauld and I think the next 2-3 months could be quite interesting. This does not preclude the possibility that drilling results we are waiting on may not meet expectations(I hope this is not the case). My point is there could be some bumps on the road but I like the prospects and will continue to hold tight.