I have been wrong before on timelines, and I guess my latest wrong would be on the sp. I didn,t expect it to ever get down here and I remain adamant that we may be severly undervalued here at this price. By learning everything I could about our company and properties over the last couple years , and if I had $800 million kicking around, I believe I would throw an offer at the shareholders of this company at a ridiculous sp like this. I would also go as far as saying that Lori must be kinda nervous right now and is diligently strengthening this companies board and employee,s while probably trying to get as many assays back as she can to throw out to us in an effort to help support the sp.

The recent assays, IMO, are only tests of the core on visibles, at least that was my understanding in the CC. If you add up all the lengths of tested intercepts, you come up with only about 7-8 m,s being tested out of ~4300m or so. That equates to only about 0.2 % of the cores being assayed. This simple logic in itself should tell anyone that there has to be plenty more samples from these cores to come. You don,t spend over a million dollars on drilling to only end up testing about a couple thousand dollars worth of core. The high grade intercepts are nice to see, and there may be better ones yet come from the initial cores, but the most important ones are the low grade consistant disseminated gold over long lengths, if we have them. It is my understanding by looking at the releases that there is room for them to be there, it just hasn,t been tested yet. And do I have to remind, that just because you see no visible gold in a section of core, it does not mean that there is no gold in that portion, it has to be assayed to know for sure. Now I am gonna sound like Kherson,s famous Daylight Energy call that he keeps mentioning and say again about a core that I saw that assayed over 200g/t and you could not see visible gold in it. I have also heard a geo from my province say that the highest grade gold that was in something that he saw was 23 g/t, and you could not tell there was any gold in it until you assayed for it.

So, it appears that we have some very reputable geo,s joining our growing team, they all know what has to be done, the smarts has got them where they are today. Distinguished geo,s with years of wisdom under their belts, for them to join our team, suggests to me that they were happy with their DD before signing up. So, if you want to hear it from geo,s, I believe we all just did 4-6 times, as each new one came on board. This IMO, is really significant in its own and should hint at possibilities of the Tesoro being worthy.

As for the distinguished directors, you can bet assured that they also did their DD ahead of time before joining a little ole venture stock with no direction, their reps would be on the line, and they wouldn,t do that, IMO.

We knew the shorts were gonna hit us, I just didn,t think they would be as powerful as they were, but it looks like it may be over with them covering. The only sad thing is that Lori never got the chance to burn them like we wanted. They apparently caught her offguard as well, and she didn,t have enough to throw back at them.Thats been about a month ago, surely more assays must be close.

So, we are beaten up and torn, but we are still here, so that means that we haven,t lost yet. If Lori can get us some real good assays out of the remaining 4292 m,s of core, we may be able to persuade this market to help us out and get our sp up to a more representable position. Its disheartening, I know, but I don,t believe we came this far to throw in the towel now.

Lori knows that property better than us and she had enough faith to do that last PP at $1.80 . Thats good enough for me to stay positive on this and believe. And I reevaluate all the signs over the last couple years and find that they are still there, that they haven,t changed yet.

IMO