Thanks Primed. . . it is widely believed that PEM can get back up to their prior 1.2m (+) ounces this year with the current infill drilling plan, provided they have the funds to drill. Then, there are all the other Friday ounces not yet proven but widely believed present, which should have some value. It seems widely accepted that the Friday has 3-4m ounces on the low side to as much as 6m+ ounces on the high side. In figuring the share value I wonder if one could also, in addition, include a "premium" % to be paid by a buyer for the Friday? Given the above, what range of share prices would you speculate the Friday to be worth in a buy out (with Royalty per oz. of gold produced) verses a JV? I realize it is only a guess. . . .

Thanks for your insights.