So, we have 40% of our share price represented by cash with the balance of the market value represented by all the located gold at Borden Lake, our rich Chrome deposit plus the other properties in the Ring. We sit and wait watching the gold deposit at Borden grow while gold continues to look suspicious and the likes of Anonymous and other gunslingers see how much blood they can squeeze from us by jerking around the share price while they effect some shareholder's confidence with their paper product selling schemes.

The warrant creation has given some houses the insurance to boldly sell the shares short. I never liked share delution. If it comes time again for a search for drilling funds management should consider selling a NSR percentage to a royalty company, Royal Gold comes to mind.

What is quite distressing is that a profitable short operation emboldens the sellers to keep applying pressure, the lower it goes the more margin they acquire. Some feel a share buyback would teach the shorts a lesson but I am coming to the realization this is only getting sucked into the short game. We are a successful gold exploration company with a burn rate slowly eating awat at our backroll. We should keep our money to the grindstone in continuing the search for more gold.

In time, and I am sure Dave feels this way, eventually the value buyers will make their presence felt and these shorting capers will dissappear as they get choked with a stream of buy orders. The miscreants have effected prices but these slides when looked back upon in a chart of the future will show these drops as meaningless, like the bad dreams you use to have as a child.

I was on San Pedrito beach yesterday watching the sun go down as the dogs ran up and down the wet sand in front the breaking waves and never once thought of the "paper only" reduction of my wealth as the result of perceived manipulation. That's my answer to the scare tactics that are being projected on all of us. Let nature enrich your soul while giving your mind a break. You deserve it!