RE: underwelming programClearly management changed priorities with the Niblack merger, and scaled back the drilling program at 3 bluffs.
Niblack is closer to generating a return sooner than Nunavut. There is only so much cash to go around. With the acquisition of Toro drilling in Australia, CBR can drill its Jaudry Hills property there hopefully in a self financing way. I suspect that they could quickly sell any resource they identify there, so it must also be also be a priority program. We can't go to the market for more private placement money in this environment, so Nunavut will have to take a back seat until we bring the other projects to fruition.