This project continues to hold enormous potential and is hugely undervalued, just as many other projects are but perhaps even more so at around $11-$12 per oz valuation.

It has a great feasibility study and a subsequent technical study in the can whose terms and costs, IRR and payback period compare very favourably with Detour, one of the biggest and most enthusiastically received projects in North America.

Management is skilled and experienced and the consensus opinion even of skeptics is that they can do the job and bring the mine to production.

The principals Interinvest, Sprott, Sonnenreich and Black are financial guys and are well respected, well connected and well-experienced at raising money. Puzzleman says "one or two of them" have had lawsuits - well, to be accurate it is not two it is one, and there was no evidence of any wrongdoing.

The only question in my mind is whether Interinvest, Sprott, Williams Creek, Sonnenreich and Black intend to bring investors along when the gold startst pouring and the other areas where gold has been found in quantity in the Yellowknife begin to get involved in the equation.

Even if they don't, they will not be going broke and we will get something while they will lose their reputations and their legitimacy in the Yellowknife where many hold their shares and where government is very small and responsive to what people want, and where people are politically active. Wouldn't want to try to operate where I had ripped off a lot of people.

Ike