In the context of Golden Minerals with it's quite different asset base this certainly makes sense to me, if it was still ECU I expect the deep drilling would have continued because it's impact potentially could have been greater.

It's certainly true that the massive sulphides will not be required for production purposes at Velardena for probably 15-20 years based on what is known about the existing resource and AUM has many exploration programs producing very nice results so decisions must be made about where to spend resources. For sure the market is not paying up at this time for resources of any kind in the ground, in fact I have never seen a market pricing resources in the ground so cheaply.