Right now its the volatility that is having an adverse impact on anyone trying to extrapolate our potential resource forward into eventual return on investment.

Our company has quite properly used a very conservative price level in doing their estimates but any real investor is going to be projecting what actual differences will be when some form of production finally starts.

A common thread amongst commentators is that Mining companies want to see a full return of capital within three years of start up. If we can get stabilized 1850 gold and given the current projected cost of recovery, that goal should be within easy reach and thus eventually work its way through to the market share price.

On a different topic, is there anyone around who is going to the AGM. I live in the Vancouver area but unfortunately have hearing issues that would preclude me from giving any account of what may be said at such a meeting. I still might go for my own information and to put a face on those in management. Of all the companies I have owned (15 to 20 usually in portfolio at any one time) I have yet to get off my duff and attend a meeting.

For anyone considering a trip to the Coast, we have cast off the Spring/Summer doldrums and are now in the midst of record wonderful weather. Not a cloud in the sky, shining ocean and brilliant mountain views.

Onward and Upward