They really need that 43-101 about now.

They can only hold this level of valuation (market cap) as a producer or and explorer.

If they want to do it as a producer, they have to be producing at a good rate and expanding production. Not much production since they started in August 2006, so they aren't cutting it that way.

If they want to do it as a producer, they have to show documented growing reserves. Haven't had an updated 43-101 in three years, so again they can't hold this sort of valuation.

They have all the potential in the world but if they don't start delivering on either front, the market cap is hard to justify.

JFF7