You have to consider dilution as well. We have raised millions of dollars in the last couple of years. If this money had been raised at a higher share price we would have less dilution. Would extra money on IR have paid off by reducing dilution? I don't know the answer but I suspect it would have

I agree that it would have been nice if dillution was lower, but at the end of the day the financier isn't hurt by the dillution and it is his money. Even with minority shareholders rights and all that - it's debatable how much IR would actually help in helping the share price. There's a lot of companies out there spending a lot on IR and it's not particularly helping their SP. The miners in general have been hurt a lot the last year, and the juniors especially. More of a market thing than an IR thing. That said, the money we are spending on IR should be doing more. No one calls Jason, they all want to talk to Elmer or Mike directly (and it seems like that uses many hours of their day, especially during panicky times). The website isn't updated in a proper fashion and E-mails seem to rarely get responded to - only phone calls. Even E-mail alerts from CUU are late (see conference call E-mail from CUU).

Basically I don't think we should spend more money on PR, but the money we spend now should actually do something. Jason doesn't seem to do enough.