Actually, remembered a few more tidbits of that conversation. He was saying that Canaccord puts out a monthly report on juniors and that the top 40 or so are averaging about $65 per ounce of In-Situe value. We are a currently at about 15$ per ounce.

I asked him about the 43-101 for the Dingman property, if we were still on target for end of May/early June. He said we were. He also said that they were looking at the end of August, early September for 43-101 of Atwika and that they were aiming for 1M ounces there. If they deliver on both of these 43-101, we are looking at close to 1.75M ounces.

He said that with the PP, we are now looking at between 17 and 18 million shares. If we use 18M that gives us $65x1.75M/18M = 6.31 sp.

So this puppy certainly has lots of legs under it for the next 4-6 months.

Glorieux