GZ - I think the original bankable feasibility study looked at a...

GZ - I think the original bankable feasibility study looked at a 2 tranche funding and mining plan proposal. That was when RAV8 was going to be used.

I guess they will look at all options for staging of funding, plant construction and mining in the new BFS and a lot will hinge on metal prices at the time. There may be some advantage in spending up before a new tax regime come in in 2012 if there are generous transitional arrangements (if it does).