ElP,

A prospective buyer would know much more than us retail investors know:

- They already have a good idea of the potential resource of Borden Gold. They have a team of experts with computer model and (some) actual data to make some reasonable prediction. Perhaps, they would have a lot more information as insiders (NDA to view data, but not to disclose).

- In addition, they would probably have some old-fashioned network of observers (let your imagination go wild on this) to keep an eye on the development (e.g. new drilling locations, or core conditions...visible gold!) by having people walking about in the bush, or just sitting around at the local watering holes listening to drillers conversation? Better still, drink with them, lol.

The current POG would be considered low enough for them to pull the trigger, since if they wait until 1300 then they would need to consider the resource in the halo zone (lower grades) which would cost them more money.

There is one potential buyer (guess who) sitting there waiting, and it would not be a surprise to see some kind of attempt soon, before spring thaw?

I would suggest that Dave spin off Borden Gold with some reasonable real eastate surrounding the current deposit (much higher grade than Cote Lake), including the 50-50 JV, the wedge, the extension across the lake and all the claims recently acquired from the lumber people along the strike.

Let make a deal on this nice and neat package with a (higher grade) resource estimate of at least the same order as Cote Lake. $8-10/s for this would be reasonable and we keep the rest of Probe Mines for Dave to play with.

goldhunter