They haven't gone bankrupt, which is a little mysterious. The...

They haven't gone bankrupt, which is a little mysterious. The asset value per share has fallen by half but the SP has dropped by a factor of about ten in the same period.

Everything appears to be down, but not by more than it was falling before (dec 2007).

They appear to be able to survive with next to no money and a share price at 0.2c, so I can't see why they won't continue to stick around for the rest of this year.

The key date is mid March when Lyndon Station results come though. There should be some activity at Lionel Diggings by the end of March.

If they were prospecting for anything other than Gold then forget it. But Gold has been over the $1,000 mark in the last week and if it stays up there then these leases are going to be worth something.

The pundits are saying the world economy is not going to pick up until next year, and Gold spot stays high during these downturns. If the US dollar slides then gold could double in price as the only safe haven left for investors.

There is no question that this is a risky stock at the moment. On the plus side, it can't fall much further because 0.1c is as low as the market goes, and it is 0.2c now. It is worth noting that that last step is a big one - 50% drop to 0.1c and 100% to get back out :)