Yes, I watched 2008 with great interest. Gold prices were flying high as credit was freely available. Now that reality has set in, credit has become harder to come by as balance sheets are being derisked and assets sold. European crisis along with the US housing crash has made all financiers think twice before stamping loan papers, as they should.

It is starting to dawn on the wealthy that low rates are here to stay. The Fed has the power to dictate the rates they want. There will be no vigilantes this time to force rates up.

What is your view on the project economics in the FS? I think they are decent, however the cost to mine may deter some companies looking for acqusitions. However, as I stated before, Aurico has a cost to mine similar to the number stated in Tyhee's FS. Billion shares sounds reasonable, however I would hope they would attempt to avoid dilution as much as possible. Analysts these days looking for low share count, even though they allow financial companies a free pass to issue tens of billions of shares. Doesn't seem right to allow for a takeover at current market prices as current management would be giving the company away for a song, unless a large premium was offered. The other properties have exploration potential, but needs funding to find the gold.