This morning our quote is .38 to .54 13M X 13 with higher gold prices. Seems the suspected short seller months ago is still trying to replace those borrowed shares. There may be an impatient seller here and there but will that entity be able to cover at today's prices?

Recent exploratory drilling has not been favorable but that doesn't mean much in a proven gold district, just ask Rob McEwen. Mr. McEwen will only drill for gold in past producing mines or in current or past producing districts. Rob McEwen is successful because this approach has delivered him vast profits. I remember the White Mine in Red Lake, Ontario that Dickenson Mines used to own that was thought to be mined out. On no, McEwen drilled and drilled that property later and now that same mine is called the Red Lake Mine and is the richest in the world. Years ago, Paul Penna was famous for coining the expression, "Gold mines are made not found." That philosophy made Rob McEwen and GoldCorp shareholders very rich.

My advice for management is drill baby drill! If gold prices advance where many experts are predicting they will, our ore position on our inactive properties will skyrocket. I was thinking with some cash in the account and loaded with Louvem shares that I might have a litttle fun and try and goose the short that's trying to cover at .38.