Even though there's good news with the drilling, today's early NR states:

"As at December 31, 2010, the Company had 21,426,815 warrants outstanding at an exercise price of CDN$0.15, of which 7,889,250 expire on February 11th 2011 and the remainder expire on September 3rd 2011. A number of the warrants have already been exercised and the Company expects to receive further notices over the next week."

So basically, I'd sell too (at over 20 cents), just so I could then pick up the same number of shares at 15 cents. A nice 25% gain, just for owning the warrants.

It also puts a few more dollars in the TSU coffers.

So I'm not too worried about the selloff. Just profit taking as well.

A really good buying opportunity though, if you have some spare cash sitting around!

Cheers,

PW