"I'm trying to understand how the market has that company valued with a current SP of 1.70 with about 170 million o/s shares and analysts putting a target of $4?

We saw the SP jump a week ago from 90 cents to 1.50 in one day on the assays being released. Although there were a couple of holes with strong values it seems to me that the overall average g/ton is below 2. They are hoping for a 5 million ounce deposit, over only a couple of kms, in Africa, very close to terrorists."

"The reason I am bringing up CAN was... for a comparision.

We are currently in the process of proving up 100 MT and 5 million ounces/gold

I think Hoov stated that with those numbers proved we should be somewhere around $4-5/share. I think it is possible we could have results somewhat similar to CAN, and if so, it can be used as an example of how our SP could react. Therefore, any future dilution would be minimal and the whole picture greatly enhanced.

:) Skier59"

Ummmmmmm, CAN just decided to go for a little run today... to the cute little price of $2.09/share... now sitting at just under $2/share...

Hold tight... if our results come back with anything like CAN, we may be in for quite a little ride in the next 6 month to a year...

Great comparison, Skier59!!!

Herb :-}