Well George, all I can say is we will have to wait and see. The insiders here did a great job at Pacific Rubiales, made many millionaires along the way. They have bought 1.455M dollars worth of shares in the last 12 months so they obviously believe this has a much better chance of success then the 1.5% you give them and I think I trust them more than you at this point although your formula is interesting and I will keep it in mind for other projects. In the next 3 months, we have many events that will tell us what the real chances are here.

In 2 weeks, we get drilling results from Segovia

in 4 weeks we get 43-101 resource estimate for Segovia

in 10 weeks we get quarterly/yearly financials

in 10 weeks is there target to finish negotiating with the artisan miners. Since they employ 44% of the population, I believe they will have enough sway to convince everyone from moving. But that is just an opinion and I could be wrong and it could take much longer. However is Osisko managed to get this done in Quebec where individual rights are much more entrenched, then GCM should be able to get it done in half the time, probably faster.

At any time we could have news of share buy back or notes buy back.

My target with this company time wise is April 1st...at that time, the clouds will have mostly dissapated and we will have a clearer picture of how this company will evolve.

Gold being up another $25 this am and supporting my view that gold is in a secular bull is another reason I like gold companies like this one. Also heavy in LSG, CAN which had some nice bounce lately.

Cheers,

Frank