Ann: Block 9 Alameda 2 Increase in Net Pay, page-487

There's always a possibility that Unit 3 will be a disappointment, and thus with that uncertainty, IMO the reason for the market still offering a considerable discount. I agree with Ort, that we're not far from a very significant rerating. Certainly VOGC has quantified what that rerating could ultimately be - its not just a few cents.

Any sellers, at anything like the 6 million at 11 cents will be blown away in a flash if we get the news that would even simply confirm McDaniel's initial resource estimate (which should follow from the increased net pay zones for upper units). Let alone any possible upgrade for Unit 3, Almeda or Marti! But with that news the opportunity all of us still has at buying at such a discount will be gone.

As for Flam, he/she clearly has sold again and wants to buy back in again, at 0.5 - 1.0 cent cheaper. I hope we get news before he/she and other opportunist traders get set again. They've had a good run, but soon will be our turn for the BIG run.

In my head I've got Clint Eastwood's classic line - Do I feel lucky?