Tech and Novagold have put Galore Creek on hold because of increasing costs that will make the deposit uneconomic. This, I suspect, is primarily because of the remote location of the project.

Adanac, GXM's main competitor at the moment, is really not that far from Galore Creek and, according to a posting on SH, has announced a substantial increase in capital cost estimates for their project. Could they also be in a position of re-evaluating the future of their Ruby creek moly project.

Geodex, on the other hand, has Sisson Brook in an area with an infrastructure already in place. In my mind, Sisson Brook will move ahead of Adanac in the race for production. Capital cost overruns will be minimized at Sisson Brook - they have a 20% contingency number built in to their estimates. Their only cost increases that I can see will be in cost of mining and milling equipment and not in building infrastructure as at Galore Creek and Ruby Creek.

As they taught us all in business school - it's location, location, location that counts the most.