It's hard to compare San Gold with Rubicon, Lakeshore Gold and the others in their peer group. They have all moved on to the big board and get more exposure in spite of what D G says. Stocks that are not on the TSX-T are not marginable at any price. There wouldn't have been an issue with the warrants if they had released a diluted version of the 43-101 and listed on Toronto like they said they would be doing last year. I doubt that an extra N43-101 write up would have cost as much as the 2 million extra in commission they paid.