RE:RE:RE: AKGBP, before you get too much of a gloat on have you bothered to do a cash flow projection based on $1150 POG?? I don't want to rain on your parade but I estimate EBITA of approx. $70MM per year or $0.40 per share based on 200K oz of production per year plus they'll have royalties and debt servicing costs that will erode cash flow further. That's a razor thin margin in the current POG environment. AKG is probably trading right around where it should be at present based on those numbers given there is still a lot of project execution risk. I personally don't see much upside here unless POG has a substantial jump up. I notice AKG didn't even sensitize their numbers to $1100 or $1050 POG. Their projected AISC is decent at sub-$800 per oz but CAPEX to build this mine is relatively high which effects ROI. I wouldn't be getting my crow on based on a projected 5 year ROI at $1150 POG. AKG management may say robust but I'm not sold. My analysis was very cursory so please feel free to counter it. I could be wrong on this.