"...wasn't the possibility there before?"

Of course, but earlier indications were that all focus was on initial drilling being on the monster targets. Now, and with benfit of more recent studies, we have shallow, very low cost targets that may generate comparatively quick cash flow, even as this may have nothing at all to do with progress at Hay Mountain (which will not generate any cash flow at all for years, if ever).

Cash flow, of course, will limit the need to sell shares out of the corporate treasury (holding back dilution).

I'm confused about your second point. Seems to me that somone wants to invest in a project or projects, but lacks the funds to do a deal the size of Hay Mountain.

In the case of the near surface, leachable deposit, our neighbor, Excelsior, I think has estimated around 50 percent Internal Rate of Return on theirs, a very handsome number.

For now, I will only guess that the prospect in Utah is not a breccia pipe and the interested party is not our prospective partner at NPSP, AND that the property IS NOT within the contentious Grand Canyon moretorium area.

These and other questions, I'm sure, will be addressed at the meeting next month.

VP