RE:RE:RE:RE:RE:'We definitely need more assets in Canada,’Barrick’s new CEOIf and when Snowfield makes sense then PVG could consider developing that project. Permitting would be similar to the process that Seabridge had to do for KSM a few years ago (pre-Mt. Polley) and I doubt that it would be a slam dunk. It has now been about five years since KSM was permitted and in the intervening years KSM has had significant changes in the project as to principle mineral and the primary deposit (now Iron Cap). I think the capex and projected IRR would not be acceptable for either project at this time. Fronk has about $300 million invested in KSM and wants whoever partners with him to allow Seabridge to maintain a significant interest through to production- not too likely in my way of looking at it. $300 millionCDN woud be about 5% of the capex and I bet that a 5% carried interest would be all that a major would agree to if the IRR was >15% and at last look the IRR was about 5%