Your over pessimism is shared by others I am sure and why I believe being patient here will result in buying back in on the cheap. At the end of the day, I believe we have 1.5-2M ounces at T1/T2 and at $50 per ounce, that is 75-100M in MC or 54 to 71 cents per share fully diluted. I think gold over $2000 an ounce is coming and then the value of gold projects at 2.5g/t average, starting at surface in good jurisdiction where we own the surface rights (no town to move like Osisko) will be priced substantially higher than $50 per ounce.

Glorieux