Icewine S/T outlook.

Given the last two operational updates,and particularly the last ,there is a very real possibility icewine could be plugged and abandoned as a duster or uneconomic in the coming few weeks. The market reaction would indicate this, and markets rarely get things wrong.

Whether or not a director holds plenty is irrelevent in whether a well is successful.

88e has been ramped to the point of no return here on hotcopper.88e old reincarnation Tangiers was a flop.History generally repeats!

Given 88e have 5 billion shares issued, plus options, the next operational update, if continues the same tone, will see a catastrophic collapse in share price given this ballooning $200 million market value for a high risk speculative play. I have stated that 88e now should have a market valuation of no more than $20 million, which converts to around .004- .005 for the heads.At $20 million, this would be considered pricey for a stock which now carries this level of risk for well failure.

The hype will want to disregard this view, however in my opinion, this view is now a distinct 80 percent probability at this stage given the last operational update.

Given this potential outlook, I believe the current $200 million market value is well over valued.

The above view is in my humble opinion only. Good luck to all holders.