Good points Eric. The only thing I would comment on is your point #2:

2. $ 0.15 FT means sub-$0.10 after tax for that investor, so the market reaction of selling shares at $0.12 as seen in the past couple of days (or even below in the coming days) is NO surprise. Always happens with FT PP´s

The reason this happens is because people are selling into the market to raise money for the PP. In this case, the PP is done already. We may see them selling some shares in the market but I do not expect any protracted down turn in the share price. I plan on buying a few more here before the drill starts turning which is only a few weeks from now.

When you consider the results we had on our first drill program, drilling pretty much blind, I really like our chances now with all the downhole geo done. From what I am hearing, we had really cutting edge technology used here and the targets generated have some really great potential.

Glorieux