Deke, you are bang on in your thoughts! The implication is that we are getting only 8.5 cents for our assets at Regcourt with those great early drilling results, just next to Valdor, truly undervalued IMO. The market is also giving us zero value for our 2 Ontario gold properties.

The Red Ore project will now have it's own budget and business plan. If they are successful drilling that Nevada property, then we will win big here as well. So owning GAX is like owning 2 companies, both in the gold space. We have alot of reasons to be hopeful with gold hovering near all time highs.

Glorieux