Great Bear to ScaleCG , I suppose this is directed at you but Im sure it will be clumsy. By the way, I am very glad to see some of the old hands coming out for a stimulating conversation! I guess my clumsy point is this, that, yes, a severe discount to present value will be attempted to be applied by a suitor , but in the case of the incredibly long lasting mine life we may be looking at, the blue sky potential, and the world we live in, I would almost say the the opposite would be true. In my best Saul Alinsky imitation- I would say we should demand a premium for what use to be discounted! The long term steady cash flow would more that justify the up front development cost and at a certain critical mass the discounting must turn into accretion. Sorry, I had to throw that out there. At least I didn't suggest we just keep it in the ground and lease the gold out (I still love the idea)! Wallace