Ann: Exceptional Results Continue at Break of Day, page-9

Back in August they were saying the hanging wall vein (now called Velvet) had a strike length of 350m although only about a third seemed to have a very high grade component and depth continuity. The very high grade twilight load seems only to have a strike length of about 200m but remains open at depth and now also has a few shallow moderate to high grade intersections near the surface that could help enhance the economics if more ore is found in these shallow areas.

I personally don't see huge downside risk with this stock while they keep working on the deposit. If anything the high grade nature of the gold in the area has every chance of surprising, within, and possibly outside of the BoD deposit.

I'll let this ride and see the story out for better or for worse. They have many of the right ingredients and jumping the gun before the next resource at BoD is published is a bit premature IMO. The EV here is low and the resource will have a reasonable in ground value when it is published, irrespective of its economic case. The resource should underpin a fair bit of the value from here on if the gold price continues to maintain a half positive sentiment for gold juniors.

All in my opinion of course but definitely a hold for me. Eshmun