It came about week ago and I just had a chance to look at it.

Very interesting read ! As of April 30 2008

-Company had $5,336,910 working capital (Today I think around $4,000,000 working capital)

- 33,516,472 Common shares issued and outstanding

- 3,666,833 share purchase warrants outstanding which would raise $4,333,500 if exercized in full.

-Another 463,333 share purchase warrants which would raise $375,000

_Options 1,737,500 options outstanding which would raise $973,625 if exercized in full

-So we have around $4,000,000 working capital , to drill prime Victory and McFaulds property with VTEM done now along with previous drilling knowledge of area . So a couple good drill holes can quickly get us another $5,682,125 to continue and we would have 39,384,138 Common shares issued and outstanding.(still very low float with room to grow)

-And last I heard drilling should resume 1st or 2nd week of Oct.Things should get very exciting.And hoping for a news release soon with a look at VTEMs.