We are a half penney under the pp price. our floor seems to be .14

The market wants to have solid confidence that a company can deliver more than once. I understand management is very busy putting the package together to take us through the next two months. This includes the results and interpretation of the downhole program and the Gem com. This model will give us all a better understanding of the potential. They are also putting together the next drill program with the available data. This isn't far off.

There is also the special meetting which may give us some clue as to the future of our other properties. There is a lot of potential there as well.

We have the cash and are putting a plan together. The market wants to see how well management implements and performs and how soon we can see some solid numbers. We are in the next leg of the risk phase and this discount must be in our sp.

Be prudent and carefull. If the risk seems to high then it may be better to pay for the luxury of more complete information later. I remain a cautious buyer at .14 but in small doses.

carry