I want to make a comment about the current share price and what it may or not indicate.

$.45 may be our new support level with the new Bought Deal PP @ $.50 which closes June 30, or with the over-allotment which closes 30 days later.

Now we have good news, but to expect the market to react is premature in my opinion.

Several things have to happen before share price is going to move.

1. The JV agreement

2. Shareholder Vote

3 Formation of the JV company.

ONLY then is the permit going to be issued, because it HAS to be issued to the JV company.

We know the permit is the deal breaker, so does the market.

Expecting anything sooner is premature.

Focus on the JV agreement, that is the next step from which everything follows...

Share price will be stagnant until then, maybe after we will see some movement, and then a bit more after the shareholder vote.

The market won't take notice until we hit that first milestone, they want to see some progress toward the final step...the permit.

Want a second opinion?

Richard Marshall said he won't start marketing to the institutional investors until AFTER the permit is granted.