Ann: Gem - AC/P61 - Increase in ownership, page-2

It’s looking pretty cheap right now, $10m cash.

Market not pricing the assets as being worth much right now, perfect time for an entry, one wiff of a drill and we should double our MC and maybe a bit more, obviously market is shot right now but it’s holding up ok compared to others as we’ve had a fairly conservative valuation for quite some time and most holders are well aware of that. We must be creeping closer to a deal though.