Well, that explains the sell off and the price that we are at. If smart money is buying at 15 then we should at lease stabilize here and move up from here. I like how quick this PP was done and shows some strong commitment by the big shareholders in this project. I also like the fact that we are going right back to drilling. I have been told to expect more news next week as well-I think this will be about the geophysics but not sure, could be something from Nevada as well.

I have to look more closely at a map but if we are only 4km from Sigma Lamaque of CMM, that is a big plus. They have mined over 9M ounces from that location historically and still have over 6M ounces in reserves and resource estimate-that is alot of gold.

So geologically, this is great news but economically, this is even better news. We have a shaft built already, we have roads/power/water very near and a mine capable of handling all of our ore for processing within a short drive. The CMM mill is designed for 3000 tpd and are currently at 1000 tpd ramping up to 2100 tons per day by the end of this year. The mill was originally designed to do 5000 tpd and was modified to 3000tpd. I am sure that capacity can be regained if necessary.

I have a strong feeling that this little stock will surprise many this year!

Glorieux