S/A comments in the past couple of days.Luongo and Arendes have both written articles that seem somewhat positive (particularly Arendes) but in my back of the envelope analysis I think the IRR for the project will be close to 20%. This is less than the FS number but in reality it is a very good number. It means payback will be les than four years from start of production at the current gold price. I am optimistic that we will see higher metal prices and now I am sure that the big boys will want to take us out. They still face a difficult task as they must announce it when they achieve a 10% shareholding. The majority of the gold miners are now operating at a profit but they will be facing declinng reserves unless the price of gold goes up substantially. The institutions will realize thatr they should have PVG in their portfolio when the dividends start to flow. I am sitting tight and hope the shorts get burned and the reality sets in that Brucejack will be around for a long time as a substantial, profitable mid-teir producer with a tremendous upside potential as when they are generating oodles of cash they will be in a position to put the low grade deposits of Snowfield and KMS into production from internally generated funds.