Sometime to remember Although our first ounce of gold will be produced in the states, the main assets remain in Canada. The transcanada project will be pouring gold in Canadian dollars. This project should still be on track because the original assumptions were based on a much stronger Canadian dollar and a much higher oil price.
This doesn't mean our share price would not be hurt in the short term by $1000 us gold but we will come out stronger in the mid to long term. We are being opportunistic with our buy today in red lake. It will not hurt our balance sheet and the reward will be 10 fold.