Ann: Greenstone Placement, page-4

Value in the ground to rise to surface. Such a quick and easy raise without full discount implies confidence. Already chockers, but see the opportunity. Results will draw new blood. Positioning for IPO may draw new blood but depends on CNJ outcomes. IPO alone will not help CNJ in risk terms unless there is inside info. Perhaps it would be CNJ market makers interest to mark their price down. CNJ is speculative compared to GSR who has alternate pathways that significantly reduce risk with near term production options. In the end that's what counts. Will observe CNJ hidden volume accumulation, but I think some of that was done at low levels before a recent spike where many others may have opted out. MC's early money in GSR at a much higher price for good reason.