Mark,

Your explanation, particularly your 7M oz figure compared to Hocking's 2.6Moz, below provide a clearer picture.

Thanks,

goldhunter

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"Dave should contact Sean Boyd asap and arrange for what will be the inevitable deal endgame sometime in future, a 5-10% Friendly Transaction for Borden Lake only, based on the upcoming new RE..."

meaning, a Friendly deal 5 - 10% of the Insitu Value of the New Resource (mine would be 7 Moz recoverable, 4.5 Moz LGZ and 2.5 Moz HGZ)