RE:RE:New PPBP, I've not been diluted as I've chosen to continue to add to my position significantly. Time will tell whether or not that was a wise decision. As I've always stated, I believe AGG will not have to dilute themselves to oblivion for production financing purposes or I would have sold long ago. I've crunched the numbers based on $1100 gold. I believe Kobada will conservatively generate free cash flow of $8 - $10MM if the can get to Stage 1 production. The recent info in the public domain states they require $12MM USD to get there. I think they can do it for $8MM or less with used equipment and they can raise this in a reasonably non-dilutive manner. If they can get to Stage 1 they should be able to raise the $28MM required to get to Stage 2 with conventional debt financing. At Stage 2 I think they will cash flow $25MM - 30MM+. If we get a bump for coarse gold effect, which despite what the board detractors say is nonsense but all bulk sampling evidence to date supports, AGG should cash flow 9 - 12 cents a share based on 300MM shares o/s which I believe should support a SP of 25 - 40 cents a share. Assuming Stage 2 production is achieved at or close to my projections it will be easy to get to what I call Stage 3 which is drill out a 5MM+ oz resource which I firmly believe Kobada has and debt leverage production up to 200,000+ oz per year. You know where I'm getting to on my share price projections there! Realistically though that will be 3 year down the road. I'm well aware the FS probably won't be a catalyst to move the SP. Obtaining relatively non-dilutive production financing may still not move the SP although I think it will. If they don't get reasonably non-dilutive financing I still think Kobada is worth bare minimum 10 - 15 cents a share if they sell it. Given the current size of my position I'll be OK at 10 cents and a 15 cents I'm well into the black. One way or the other we'll know whether AGG has legs or not by this year end IMO. GLTA