Thanks for recent high quality posts, a good boardThanks especially to those who have offered working models of potential valuation, I don't have this skill and appreciate having models to work off of as exploration results come in. Also, thank you Formless for sharing your recent more risk adverse concerns, you seem honest and like a straight shooter, it's hard to know who people on these boards really are, but I appreciate your posts. I'm a big fan of Taylor Dart for solid traditional analysis, and I like Fun Trader on Stockhouse as well who advises trading 30% of one's core position due to the high volatility of gold stocks. As I posted before, I have taken a lot of profits already in Skeena but also have a fairly large core position. I invest primarily in terms of market cap, and of course the narrative, and believe SKE will have a market cap of $200-300m sometime this year if they continue to hit high grade infill supplemented by promising exploration results. If the mc gets back down to $125m ish I'll probably buy a lot more, otherwise tend to buy if there's great news. The other strategy I use is macro, and I'm in the camp that believes gold will tend to hold or increase in value as long as the out of control debt creation by central banks and deficit spending continues., resulting in real negative interest rates. I cannot recommend enough that people look at Keith McCullough's work at Hedgeye, I subscribe to his daily 6am webcast. He has a four quadrant model and now believes we are headed into Quad Four in the second quarter, which means low growth and low inflation (deflation risk), which favors investments in gold, treasuries, utilities, and REITS. Because of the ongoing high spec long position in gold, several people I follow and respect would not be surprised to see a significant correction in gold, thus I have a large cash position. But longer term, perhaps as early as April I do think there's a good chance gold will catch a bid. One of the things I like about McCullough is he's completely data and rate of change driven, so it's possible the data will suggest Quad 4 will not emerge, but that's his current read of the data. Best to all longs, Poet