Normal Course Issuer bid I think with the valuations we are seeing in PG there is no need to scour the planet for great buys. We have a great portfolio of properties in safe jurisdictions with ample resources to develop. With the current market valuations and the windfall of a profit and the return of the seed capital from the royalty I wouldn't mind seeing the company buy back and cancel some shares here. Would only seem like a prudent investment of the capital. Cash on hand 85 million burn rate expected for this year of 30 million. We have 3 years cash on hand with an additional 70 million in equity. Market seems to have a surplus of stock for sale so buy back 10 miilion shares with just the profits.
Would sure add a little support.
Everyone benefits in an increased stake at low valuations
LC