Aude is probably at a spectacular timeshare in Cancun. I visited him there once. He is probably tired of the waiting game and is going to spend the winter there. There is lots of internet access so he won't be out of touch unless he wants to be.

Did you get a chance to go to the presentation when they were doing the tour a few weeks ago?

It looks like they have three properties, red lake which will probably sell in the next 6 months, Hardrock, and another in navada. Each is good for about $400 to $500 million in an aquisition, so when all three are sold they should get about $1.2 to $1.5 billion, or about $12 to $15 per share. At the outset the last project should sell within less than three years. Gary's favorite project Brookbank is not even on the radar, it will probably be sold with the rest of the property to someone near by for $50 to $100 million.

Thats what I got out of the presentation, the numbers are wild guesses, so dont hold me to any of them. If they make some big discoveries or Gold goes up significantly from here then there could be some additional upside.