Hey WtlessB,

Did you send your note to Hocking at Scotia? If not, then I would not expect him to read our bulletin board. In fact, if Hockingwas doing a sloppy job without going through a rigorous precedure to arrive at

- the resource estimate which is much lower than the 4.3Moz done by a professional consulting firm (paid by PRB). If he disagreed with the number 4.3Moz then point out where the flaws are.

- how did he do his math from the resource value and the acquisition valuation to come up with his recommendation. He may have made a fatal error in his math. 2.63Moz x $120/oz/75M shares = ? (certainly not $1.30/s target).

- His criteria for an economic operation of an underground gold mine (~3% is not good enough for him)?

I think we should pool our comments together and send it to Dave assisting him with his rebuttal to Scotia and writing Probe story on the FinancialPost. The response from the company would carry more weight, but it should not hurt to send a direct rebuttal to Hocking and his boss. Not sure if he did this hatchet job on his own.

goldhunter