Spec, RED's mine life isn't 15 years based on reserves and...

Spec, RED's mine life isn't 15 years based on reserves and current throughput. Correct me if I'm wrong but isn't it more like 10-11?

Everything is relative throughout the cycle. There are mid tier producers sitting on hundreds of millions of cash, acquired in relatively short order, now generating $50-100m free cash flow per quarter. Inflationary capex isn't a problem from an industry perspective, requiring only managements of producers/developers coming together and making deals for benefit of both shareholders.

Speaking of such or lack thereof, how I wish that "other topic done to death" had been consummated a couple of years ago. From a RED shareholder perspective: no debt, no hedging, no dilution, and a billion dollars in cash from the combined assets do develop McPhil if they wanted. I'm exaggerating but only slightly.