No question initial decent results but nothing that suggests homerun or anything close right off the bat. The fact that this is seasonal and drilling is not likely to start up again for 6 months or more is very likely to dampen response.

Rather than go at it alone, I wouldn't be surprised to see them try to get a good jv deal as the sheer size of this is a double edge sword for them - very attractive but most realize this little junior at these share prices can't begin to raise enough funds to go at it in a big way.


My guess is the stock traded up a few cents and then goes flat until next year when the market can see what's their next step. Congratulations on proving a theory right but in this market few will pay for that.