Hankg on, baires, I said "after talking with DW this is what I believe". I can't say he said 180,000 ounces. He refered to the production rate from the EA, and when I asked about 200,000 ounces, he poured some water on that figure. SO I think that the pre feas will be based on somethign between 130 and 200, so I guess 180. It's all conjecture on our part, out here looking in on tyhee.

The resource for the current permit process does not include Clan Lake or Goodwin Lake, yet those resources can be trucked in. So they'll do calucations based on what is included in the Ormsby, Bruce and Nick, but I will value them based on including Goodwin and Clan lake, as adding those will expand future production rates and life of mine, even if they require subsequent applications and permissions.

In any case, the economics will be there. If the economy craps out agian this fall, as I think it will, then the price of energy and labour also fall. but $300 per ounce costs? I think that's too low.

A more interesitng discussion right now, I think, is to watch for more insider buying. Nice to see that last posting about insider buying.

Look forward to seeing the next news release, when drilling starts up!

SKELEG