I'm with you D. I'm just saying even with the creative book entry, since the end of Q2 the market has spoken loud and clear. 10's of millions of shares have changed hands much higher than that ridiculous target which prompted their Hold recommendation. Even the warrant overhang managed to get 100% fully absorbed at a 10% premium to their 1.83 price before the bulk sample results. This is an IR boondoggle as the contractual obligation with FR which SGR had to pay for was probably hatched a few year's ago by the pack of idiots in the Vancouver office. 600$ gold just doesn't seem like anything that forward looking and if the SP does go to 1.83, it has nothing to do with the fundamentals of San Gold or the FR analyst's dd. My guess is he probably stole your NAV model and spilled some bong water on his notes resulting in some incorrect data entry.