So what you are saying now is that they are trading at a huge...

So what you are saying now is that they are trading at a huge discount to their NTA, which is completely different to what you original said in the market is pricing in another $2b write off which in the accounting world is impossible when there isn't the appropriate asset value left now to write off. Anyway if that's you criteria then MGX,AGO,BCI and others must come under consideration because they too are trading at a massive discount to their NTA and in some cases more than ARI. So if all the juniors are trading at a huge discounts to their NTA then the market must be telling you something.