Ann: Investor Presentation, page-48

My personal take on that was that they have almost completed an acquisition in the area which they have telegraphed they are working on. They are likely waiting to consolidate the land holding and the prioritize drill targets. I haven't changed this view the whole time that I think this is being done correctly. Acquisitions are currently been done at a lower cost per ounce than drilling. Once acquisitions are done and land is consolidated well then we drill. Even then it is technically dilutionary if the cost per ounce of discovery is less than the market values our current ounces but we at some point have to back the market to turn and rerate and discovery ounces which eventually turns them accretive.