Ann: Quarterly Activities Report , page-11

Solid report, good to see the continuation of the transition from drilling company to aggressive explorer and small-scale gold producer. While the drilling business provides some cashflow to support small-scale exploration activities, it won't create the significant upscale in value we are all looking for and won't fund the aggressive exploration required to re-rate CGM.

Its the placement that will provide the funding foundation for a broad and aggressive exploration campaign as detailed in the QR. Strong chance this will unlock the value of the Alta Floreesta Project and move the company to a point where capital market funding is no longer an issue. Big times ahead for this small-cap.