I'm going to borrow a quote I read off another board...

"Canadian Mining company's can, and do "print" unlimited amounts shares - just like the fiat currency printed by governments. Most investors in Mining stocks do not pay enough attention to the share structure and dilution."

The relavance of this quote comes from something I read tonight in the MD&A; that being...

"Stock based compensation expense increased from $158 thousand in the prior year comparable period to $653 thousand in the current period."

That's quite an increase.....I wish I could say the same for our stock price.

I believe when these guys took over, there were about 120 million shares outstanding....I believe we are nearing 180 million now.

Just my perspective