Ann: New Gold and Zinc Targets, page-7

I think they've done their best to hit something mineable in Burkina Faso but it just hasn't been there, at least not where they've been drilling. I now feel that was their last throw of the dice, since money's running short again and the dilution from any new capital raising will be crippling to current shareholders. Best advice may be to try to sell a large slice of Watershed to someone, or else offer them a large slice (75%) for free if they fund development. Good luck to all holders.

P.S. They did mention hitting some pegmatites and testing for lithium so perhaps that could produce a miracle.