CJR,

I do not think that this conversation is OT.

This transaction shows just how low grade a deposit could feasibly be and still be looked at as economical.

A Preliminary Assessment Study of the project compiled by Scott Wilson Roscoe Postle Associates uses a Base Case Inferred Mineral Resource of 6.70 million ounces of gold (259.4 million tonnes grading 0.8 grams per tonne (g/t) gold (Au) at a cut-off grade of 0.30 g/t)

... That is very low grade indeed! One thing that people tend to overlook in these scenarios is the input costs of extraction. Fuel for open pit operations is not cheap as you are running a multitude of large trucks over long periods of time.

http://tonto.eia.doe.gov/oog/info/wohdp/diesel.asp#graph_buttons

Diesel prices are not in a downtrend, that is for sure. Just some food for thought.

BTW, Malarctic is at the same latitude as Kirkland Lake. This map illustrates the positioning relative to GNH quite well - 882km separate the two.