2.7p = 5.2c, page-2

Hi Orabanda,

I would say with over 70 million 3.5c placement shares and free oppies to come online within the next 80 days (according to the EGM resolutions), and no drilling by AOI until early 2010 - I would see current RRS prices as a great selling opportunity, with plenty of time to buy back in before drilling next year (which I also think will be delayed).

I just can't see anything that will drive the price until early next year (for RRS or AOI)- besides the odd mini P&D for RRS. Georgia is still way too early to have any impact. Short term target 3.5c based on recent placement prices and time to drilling schedule.