i think they have a lot more than 3 million ounces at snowfield. despite the low grade (1g/ton) the recent results were excellent, and there are more drill holes to come. they still haven't tabulated all of the assays from the summer drilling program, and the new resource estimate in early 2009 will undoubtedly be higher.

i don't rule out the possibility of a jv with a major at snowfield, but given the current market, i think the company is more likely to consider an outright sale in order to focus on the core silver asstes.