Sag, no worries mate! Money in the bank during the priod of market uncertainties is just great. What to do with it?

1. drill, drill and drill the properties to swiss cheese (fold nose and all at Borden)...to get enough data for a decent 101 report (did someone say 10+++M oz?). Pay the labs prenium for priority services. In this business, money talks.

2. production of the NI-43-101 resource estimate. Similarly, give the engineering a bonus for cranking out the report in record time. This is not wasting money, since the bonus is insignificant compared to $50 M in the bank. People can work overtime for a new pair of shoes for the kids and a new hat for momma.

3. production of the PEAs.

4. Get some good lawyers in preparation for a TO. It will come, but we don't want it to come TOO SOON. Let's get the sp up first before we'd entertain the offer.

We may have money from chromite, JV with LSG and the 5% royalty pouring. Then we would not know what to do with it...special cash distribution to shareholders?

goldhunter