RE:RE:NewmontJC, I concur with all 4 reasons you rattled off. And a fifth reason is taking on Newcrest. In the short term, NEM does not have so much to float around. And what they do have needs to be focused on Newcrest assets. In hindsight, they were all eyes on the Golden Triangle. Not ruling out another party to counterbid. Just won't be NEM.