I think the market is saying it doesn't believe there will be a mine. I don't think the issue is geological experience; I think it's the financial acumen that is in question. These are very tough times to raise hundreds of millions (or maybe billions, as John Ing says on FSN). This isn't a tech operation that can be run out of a garage. Building a mine on your own nowadays is one tough financial enterprise. And frankly, while we do well proving up ounces, historically the timing of our financing efforts leaves something to be desired.

That is why I am a fan of using our expertise and properties and someone else's money, even if it costs us half of our equity.