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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (13075)	6/10/2006 3:04:19 PM
From: E. Charters	Read Replies (2) \| Respond to of 78419

Higgomus Hoggamus Woman is monagamous. Hoggamus Higgamus Man is polygamous.

To: koan who wrote (13075)	6/10/2006 4:32:14 PM
From: E. Charters	Read Replies (1) \| Respond to of 78419

Dippidie Doo-Dah.. the contiuing story of the drill intercept gang in Ek-ooh ahh-dorie The strike of FDN is now 400 metres and we understand hole CP-06-60 is a further 100 metres to the north. The FQDN discovery is very quickly taking on world class potential with, based on yesterday's results, significant higher grade areas. As the zone appears to be coming closer to surface towards the north there may be potential for open pit extraction for some of this prospect though, again, this is purely an hypothesis at such an early stage of exploration. Valuation is very difficult to estimate given the moving target of the size and grade of FDN, coupled with the current limited number of holes completed. We are maintaining our SPECULATIVE BUY recommendation - our target price is Under Review pending further drill results. Under the assumptions noted in the Impact and Analysis section of this comment, at a 1.5 times multiple and employing a C$ to US$ exchange ratio of 1.0:0.85, a share price range between $18.25/share (assuming 3.1 million ounces in situ) and $29.50/share (assuming 5.0 million ounces in situ) can be calculated.