Given the current and near term Economic Prospects Globally as well as within Canada and the major SLUMP in Exploration activity through out the country with little likelyhood of it seeing significant rebound over the next 6 -12 months, the Cost Contingency Allowance should have a Negative in front of it, if not a double on the Negative. That would allow for either more Exploration on the JV Property of for having the Drilling of the Big Daddy completed well under Suggested Budget and also well ahead of any proposed Schedule (as more Drills and Drill Crews are available now than has been the case in more than two or more years).

Consequently, any Funding PP should be for much less than the proposed 19.9% announced a month or so ago.

Old Joe