Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

I actually don't think people fully understand what the AUE value is sometimes. The drilling costs are much much lower due to them owning the fleet and they can drill drill drill, so you get so much more bang for your buck and everything is faster. On face value they look like just another Cote D'Ivoire explorer/developer but they really are much more. Naipe is flying under the radar too, they have the finances to really drill the resource out, something that Mako never had. Mako probably spent $20 million on drilling at least and there are a lot of holes drilled. Wont take much more to substantially increase that resource.