pattersons raise target to 4.30, page-3

Tench,

Thanks for the link. It is a good read and reassuring as MCR languishes relative to its peers. The market will soon have to start revaluing it to be in line with its peers one would hope.

Good to see that the analyst's are picking up on the 20/20 vision thing, but in Moore's presentation, which can be seen on the web site, he really made the point that 20/20 is the base case scenario from the existing tenements. More than likely, that rate would be exceeded and then of course their is the matter of the USNOB.

There is another little matter of $110M and what to do with it. This is forecast by paterson to rise to nearly $400M in 201.

We can be sure that Moore will not sit on it but will wait opportunities as they arise.