Not too long ago I heard Sean Boyd of Agnico mention that the company likes to hold 100% of their projects. I aslo recall res-investor mentioning that for royalty holders of producing mines that, at times, it can get fairly sticky at what you get and what you're entitled. No question about it, this difference can lead to legal confrontations with res giving us a good example sometime back.

The Goldex property holds more gold than any other deposit in Quebec. The mine's expected life as a result of constant exploration just keeps expanding. As drilling pushes west on to our royalty claims there is no reason to suspect that the deposit won't grow in our direction.

I have always been intrigued with this property for some reason ever since Bill Baxter alerted his readers to it many years ago. My family continues to indirectly hold interests in it since Agnico Eagle took it over some years back at a great proven discount to its potential. Even Sean Boyd said, basically, that they got it cheap. HELLO???

Dennis Wheeler's CDE took over a Spokane listed mining company Silver, something, in the past that held interests in the Rochester Mine up I-80 north-east of Reno, Nevada for only a piece of paper representing a cast off property that they had no interest in and those shareholders, including me, got really reamed. Since 1986 the mine has produced 125 million ounces of silver with gold credits and may has another 100 million ounces plus of silver left to be harvested and still there remains excellent potential to expand.

I wouldn't be surprised that in the end when the Goldex deposit is mined out that it will rank as Canada's most productive all-time gold producer. So if Agnico comes looking for a deal to take our 5% royalty rights, we better darn well have an arms-length expert geologist tell us what we're giving up with his or her projection of what's there, with or without drill proof. I know of a trusted one who use to be the senior geologist for the old NYSE listed Santa Fe Gold and knows all about gold mines. He even told me some months back that Borden, at that stage, looked very interesting.

The point is, we should be formulating a plan to assess our value at Goldex(or maybe we have one), to some degree, so we all aren't sent down the river some day in a leaky raft. Our asset at Goldex, to my mind, is significant as the market continues to ignore it.

Since we already have a relationship with Agnico, I'm sure they know of Borden Lake. Agnico,, yesterday, invested $70 million in Rubicon to support their drilling efforts at Red Lake. Borden is still growing and is on their radar screen. When gold vaults past the 2000 mark, and it will happen, there will be a mad rush to secure low grade operations and expanding low grade projects like ours as the big long term profits will come from the open pits.

Go Probe!