SKELEG,

You are absolutely correct. Except, in the grand scheme of things, the announcement today updated TDC's increased below ground asset base, while your #1 through 3 above addresses getting those assets above ground. More in the ground increases a company's value exponentially - all of the infrastructure to get it out of the ground and processed will virtually be the same whether it's 1 million oz or 4 million oz in the ground. So, by my way of thinking, Webb is proceeding like a good chess player, strategically going after ROI on his budget that will eventually result in the most bang for his buck.

Strike