http://www.financialsense.com/fsn/BP...

JIM: I guess a question that a lot of investors would want to know and a very important one, Dave, how do you plan on making money for your shareholders and when will shareholders realize full value? You just pointed out you're selling at about $48 an ounce, and we know your resource estimate is going to go up here in the next month. Your peers are selling at 75 to $80 an ounce. So two questions: How do you intend to make money for your shareholders, and when do you think your shareholders are going to realize that value?

DAVE: I think that you’ve hit the nail on the head there. Business is about making your shareholders money, and we have to have a well defined growth path. So what we intend to do is probably a four fold way of increasing shareholder value. The first, the basic way is to keep growing our resource, so historically we have found gold at about $25 per ounce, so for every $25 we spend, we generally will add one ounce to our resource base, 43-101 resource. So as long as the evaluations are above that, there is a value that's growing in the company. I think secondly, and this again is another path that we're on, is to demonstrate the economic viability of the resource. A resource that is not economic is worth one thing, and you can just hope and pray that the price of gold will go up and make it viable, but more to the point is can you demonstrate today through engineering studies that your value is there on today's gold price. And today's gold price is classically discounted by all of the people that are working. We're looking somewhere between a 650 and $700 gold price. Can we demonstrate that we can make money mining what we have? So we're on the way to do that. It's been delayed several times for many reasons, not the least of which is our resource keeps changing. Fortunately, it's growing.

I think the third item is our exploration properties. We have to demonstrate to the shareholders that there is a potential for a home run hit that at least from the work that we're doing that we may one day pull several tens, if not hundreds of meters of tens of grams of gold's per tonne or more. The Aurelian kind of hole. The project that we're in won't typically give us the hundreds meters of that kind of results, but it can give us tens of meters of that kind of results because historically it does happen.

[38:01]

Dave, If the market didn't suck so bad, we'd be flyin'.

Go Tyhee!

B