cdchi1, for me I wouldn't sell if I were to loose money. Of...

cdchi1, for me I wouldn't sell if I were to loose money. Of course the future dilution is an issue but gold stocks have been under valued for so long (see NCM for eg.)

Spread sheets, ok, but when/if gold increases in price, PE for gold stocks should climb dramatically.

But then any form of share investment is a gamble.

As you said a lift in reserves would do wonders. I really can't see a CAPEX of $70 million on a mine with a 5 -7 year life and reserves of 300K.

What this is telling us all is that the reserves will be upgraded to make this a real proposition. How can they get funding of ~$42 million and sell a CR for the balance without having a real, viable proposition.

Add what I have just said to my previous post makes this one hell of a nail biter, doesn't it.