Jay Taylor said that there now is a "possibility of upwards to 2 million ounzes of open, pittable gold in the Barry deposit." He added that cost of mining this gold was currently at about $350 per ounze which compares very favourably with Barrick which is having trouble keeping their costs below $500/oz.

He also mentioned that he thought the $10m line of credit would mostly be used to acquire other properties in the area with known gold resources which could be milled at the MTO Bachelor Lake mill.

This is a very favourable commentary from a very credible source and should help move this stock ahead.