Share Price Discussion, page-220

There's surely a pretty solid base at these levels. For a risk/reward play, hard to go wrong when you consider:

- board/management track record and expertise
- quality of tenements
- existing resource
- existing scoping study
- connections into North American institutional money
- cashed up for this drilling season and next
- solid start to this season
- bullish gold environment
- current MC/EV

I sound like a fan boy and a ramper, but I honestly believe that if this were to have a market cap of $150m, you still probably wouldn't consider it to be overvalued in the current environment.

GLTAH