Mr. Sculpin, I don’t know how many drill holes were actually used to calculate Extorre’s resource estimate. You could very well be right. The bottom line here, however, is that Extorre has a combined indicated and inferred resource of 2.4m gold equivalent ounces. That is what Yamana bought. The buy-out is not based on 4 gold veins, like you claim. Technically, this resource is “unproven” as you claim because it is not in the “proven and probable” category, but it is misleading for you to imply (which you do) that St. Elias has more “unproven” gold than Extorre. St. Elias has an inferred resource of 4460oz compared to Extorre’s 2.4 million. (And by the way, gold equivalent is the same value as gold. That’s why it’s called equivalent. ) In the end, St. Elias may have way more veins and a much bigger resource than Extorre, but so far they have not demonstrated in a resource estimate as Extorre has. And that’s why Extorre is being bought out and not St. Elias. And that’s why Extorre’s shares are at 4.00 and St. Elias’s are at 0.20.

By the way, just for interest sake and not to provoke an argument, if you look at the breakdown of Extorre’s resource it works out to 1 million ounces of gold and 65 million ounces of silver.