Stinger,

Thats a tough question,based on the run up over the last 3 months .

Does the run up (slow- stop) near this level is anyones guess.

However, I believe there is still huge upside to this stock, based on the following.

1)There is only 45 million shares outstanding.

2)Likely move to the TSX.

3)Not a well known story as yet.

4)Drilling between 20 and 40 holes in 2008.

5)Great property holdings.

6)Tender for off shore property still to be determined.

7)Sprott has I believe a 15% stake, and Research Capital has a substantial holding as well.

8)Company is presently profitable.

9)Low cost drilling.

If I had more money I would be looking at getting more shares.

Hope this helps with your decision.

RR