3.5 million in the treasury is good, but will need more down the road soon. It's better to shore up as much proven resource, with a possible takeout by R.R. a strong certainty. It will bring more worth for shareholders. I remain very optimistic about Bayfield. The share price would be much higher if not for the current state of the rest of the world. This is no fault of management. Also, I would like to see Bayfield Ventures impliment a share-holders rights plan, which they currently do not have. The drilling results continue to be very impressive. Looking foreward to more of the same. Good luck all. Truly a bargain at these prices.