I talked with Gordon Davis and Blaine Monaghan on Sunday last. I am satisfied that the project is moving ahead. Gordon said they had done 24 hour Bottle-roll tests, their column leach tests have been leaching for 2 months, IMO the metallurgical tests are essentially complete and reports will be finished and released as a matter of course when complete. Then there will be something to discuss.

At 5 million oz. gold eq. the deposit makes the first hurdle in being classified as a big deposit IMO, quite an accomplishment for a years + work and having a first estimation of the resource in hand. It is a good initial resource to build on.

There was a measure of luck in the timing of the cessation of drilling; there is money in the bank, for a while. IMO they have nearly enough data to quickly move through this next phase, I think infill drilling may be necessary to increase the confidence level of the estimate of any "reserves". If I remember the current block model has a 5-meter block size, so the resource estimate has a nice resolution to it. The "indicated" ounces reported by the company is the largest category in the resource estimate ~3.2 million oz. At a 5 m resolution this is a great result IMO.

The next step is a first level economic evaluation. The company is moving forward against an uncertain market that has developed a resistance to good news. No way of knowing what will unfold. As long as the project is being moved forward towards a mine I am satisfied.

Not investment advice, more than ever, do your own DD.