Thanks Chauncey for keeping us up to date.

My opinion on this new deal, is that it makes no sense at this time.

The deal calls for IMT to pay a portion of $65,000 this year and also the next 3 years, plus the issuance of 1 million shares. 

But much more significant is the requirement to spend $100,000 over the coming year on exploration.

Here's my problem.  At Pecors, if we believe management, and have studied the available data ourselves, we see that there is a very high likelyhood of a major strike.  Management has not been able to raise funds to drill even one new hole, so where are they going to get the $100,000 requirement on the new deal?

The company is spreading itself thin with no resources to work any of the properties.

I will be very disappointed if they spend any money at Camping Lake before drilling Pecors.