Hi Binder,

Sorry for taking so long to answer your question. I just got back from long walk to a Peruvian restaurant where a bowl of vegitable soup, a plate of rice, potatoes and a small broiled quarter chicken, with a glass of cold chi chi morada (Peruvian fruit/corn drink) cost 15 pesos or about USD $3.50. Not bad, considering Argentina's inflation is roughly 25%.

I don't know what Sprott paid for their nearly 20million TDC shares. My best guess is that it was about twenty something cents in 2005. They had, a couple of years ago, sold about a million. The explanation I heard for this was that they were just rebalancing their junior portfolio. Perhaps a more important question is, is Sprott buying more TDC? And,if not, why not?