Rival Energy Ltd (fka rgylf)

[CrocHntr]

Re XPD.V - Thanks for your thoughts. I felt I was being a bit conservative with my analysis, and I definitely like yours better :). I can certainly see the logic in your analysis, and I agree that given some of the same assumptions as the Q3 report that we could see a share price of more like $1.50.

The one problem I've found (in my short experience with Canadian Juniors) is that they tend to have a hard time reaching my expected valuation targets. The trading seems to be thin at times, and it seems that undervalued stocks trade for extended periods of time without gaining the share price that I would expect. I'm a little skeptical that XPD could hit 1.50 in 4 months simply because the demand isn't there to drive it to those levels. As opposed to a US company, Canadian Juniors seem to continually struggle for exposure, and have a hard time reaching a reasonable share price/valuation. Still, if Expedition can continue on that same ratio of cash flow and earnings per share, it's bound to get recognized by investors, and eventually maybe a trust. It should be a fun ride.