My big question then would be how GMM soared in value, even above GXY from virtually nothing. Is it purely speculative buying on the stock? They will post a good return for 3 years based on this with some equity, but I can't see the reason for the GMM fervor. They have enabled the project, they have the Mitsubishi takeoff agreement which is certainly very important, gold is currently slightly bullish, but what does GMM really produce?