RE: RE: RE: RE: RE: GPD hold Good post Scottie, the only thing I will add is that it is probable that the production decision has already been made within the company and that is that they are going ahead. Assuming this to be true then it was an obvious move to "lock up" the rest of the ownership of Brewery Creek because they see great value there. Bill Sheriff has been hammering away about the extraordinary upside to the Brewery Creek play (and its extensions) for the past year. It has been in virtually every presentation that he has made. Purchasing the last 25% was not rocket science, as so many here would have us believe. Indeed a case could probably have been made that it should have been done much earlier but we are not privy as to the reasons for the timing. Perhaps they were looking at the totality of the data in preparation of the NI43 and it hit them in the forehead or perhaps there was an informal agreement to conclude this arrangement with AXR as close as possible to the release of a positive production decision. Ours is not to know these things unless Bill decides to be charitable with this information; but the important point here is that a decision has been made.To put it another way, it would be incomprehensible for them to turn around now and say they are not going ahead with production in light of this purchase.
I realize the above is a bit of a chicken and egg argument but be that as it may we are now sitting on a resource that very well may be a company maker. 62 cents a share is a steal of a deal in light of all we know about Brewery Creek and I believe that within a few short months there will be many kicking themselves all the way to Inuvik for not buying in or buying more at these levels.