As a few of you know, I sit quietly on the sidelines without posting, reading most posts while following the market and specific plays daily. With regularity I note the pattern of discontent which grows from frustration over the SP, the reaction to news and updates and wonderment as to why the stock does not do what you want it to do. From a purely business perspective the stock is behaving as it is because, and only because there is an air of uncertainty surrounding the business of the ROF. Case in point:

1. Mergers, acquisitions, rumours of same and potential takeovers are NEVER good for a stock unless the companies involved are actively creating revenue. Under this business scenerio, balance sheets, P/L's, revenue potential and core business strategies are considered in an amalgamation. One business believes it to be in their best interest to acquire the assets of another while the target believes it to be in their best interests to align or join with a company who has the ability to do what they could not or can not do on their own. Thus, this FWR/NOT proposal is tenuous at best.

2. There is no revenue available for a while. There can be no doubt of future potential however for the time being the evaluation based on what is in the ground represents "future business" which is attractive only to a business prepared to wait and invest not only to buy future revenue but to do what is required to get at it. Thus, resources in the ground are always undervalued by the market.

3. Each time another resource or confirmed strike is reported it represents additional costs to get at it. Therefore, from an outsiders perspective (major) the longer they wait, the less it ultimately costs when and if they pull the trigger. Let the explorer dig, let them confirm, let them evaluate, let them accumulate, let them spend and THEN the major comes in knowing everything they (explorer) have found is simply too expensive to get at because they (explorer) blew the wad on finding it. Exploration companies want to be bought, that's the long term goal. Thus it is in their best interests to keep the SP from getting too high.

4. Being the big dog has its drawbacks. Expectations are generally higher, smaller dogs ride the coattails, expenses are higher and scrutiny is tougher. Thus, try to get the little guys on side by forcing JV drilling or take them out. Tough proposition when the little guy doesn't like the courtship. If anyone does not believe they talk to each other every day, you are delusional. It's an orchestrated business dance.

Next stage IMHO is TXS listing status in order to get to the next level. This has to attract significant international investment. Bottom line to me is that this whole thing is playing out in typical business patterns whether those wanting a quick flip like it or not. It is a long term play but getting more interesting by the week. The gold was a given by the way, show the market economics and then we'll talk about doubling.

Best regards,