options, page-8

vautex

I hope it does reflect YPP for all concerned.

Show you another company that retained 70%? How about :

1]RSG with 83% holding in VUL which the market never ever factored in. They also had a $90mill holding in TSX listed Goldbelt. All these have now been sold for $196mill & the SP barely hiccupped!

2] Then JRL - they own 40% of EME & 40% of EMEO; value: $52.5million
They also own 2mill URA & 2mill unlisted URA options; value: $6mill
They have cash of $2.5 mill ...... All up total value just of cash & share holdings never mid all their own advanced projects: $61million

With all of that their fully diluted MC is only $41mill ... figure that!!!

I can go on .... my point? Well it is not to knock GPN, just that historically the market does not fully value these situations. Add to that, GPN is not exactly a market darling.

As someone said time will tell, but 15 cents by mid-Feb is asking a bit too much IMO

cheers