Our Australian exploration results are yielding excellent...

Our Australian exploration results are yielding excellent results, with a great deal of exploring yet to be done. The key going forward is going to be 'how do we extract ounces that are going to be profitable overall' to the company. Certainly some of the drilling results have found or are finding deposits that will be very profitable, even with a scenario, if it happens to occur, where gold is lower than it is right now. Obviously, it will be outstanding in a higher priced scenario for gold. Ideally, however the overall picture in Australia will comprise a plan where each tonne of material produced will be profitable in the grand scheme of things. Alacer has indicated in no uncertain terms that it is not about ounces, it's about costs. The targets hit in a very diverse and complex tenement with many, many more areas to explore are an excellent starting point today. This is a major development announced today that adds value longer term to Alacer in my view, even in Australia, a very high cost place in which to mine.