The only thing I would like to add to Hoov's comments is that the more commercially viable you are the more likely it is that the market will value your ounces higher. Red Back's deposit was valued at about $1000 per oz but that has not necessarily worked out real well for Kinross so far.

500,000 oz is not necessarily commercially viable whereas 3 million oz at good grade most definitely would be. All else being equal, the more oz we prove up the more the market would value each oz. As has been stated many times on this board, it is all a question of tonnage.

Bob