High River Gold Mines Ltd HRIVF

RE: chris charlwood

[Power1]

Hey James. Long time HRG and Sprott follower here. As an FYI, Eric Sprott through the sprott canadian equity had at one time 30 million shares plus debentures. And although I don't know the average cost of funds, I can tell you they participated in financing well north of where this stock trades today. It is my opinion, Sprott and other Institutionals will want fair value for their shares and the target price will be somewhat dynamic based on the financial health, balance sheet future earnings corporate developments etc. Absent any silly management moves and stablility in gold I would suggest the relation of value to time is an upwards trend.As an aside, anyone know when we could expect an update on Prognos? Has there been any progress on the legal front? I do know one thing is certain and that is HRG mgt will do nothing to drive shareholder appreciation beyond maintaining the minimum regulatory requirements