Spanish Gold is a profitable producer valued at 9.5 cents. Before the crash it was fairly valued at $2. It peaked at $2.40. They are moving onto a new production scale with an improved resource. Their cost are much more flexible because of underlaying agreements. On an eq basis we are worth -20 cents.

On a volume basis with the rest of the herd and scaled to the share float and price we are 15% below average.

When I read these herd mentality posts it make me roll my eyes.

Yes, we are on top of the pile but right now the pile is under the out-house.